States
In addition, community-property states frequently have forms of ownership that allow a full basis step-up on one's own share of community property on the death of a spouse (in addition to the normal step-up on spouse's assets).
Read more about this topic: Rights And Responsibilities Of Marriages In The United States
Famous quotes containing the word states:
“In the case of a deliberate, palpable, and dangerous exercise of ... powers not granted by the compact, the States ... are in duty bound to interpose for arresting the progress of the evil, and for maintaining within their respective limits the authorities, rights, and liberties appertaining to them.”
—James Madison (1751–1836)
“Sean Thornton: I don’t get this. Why do we have to have you along. Back in the states I’d drive up, honk the horn, a gal’d come runnin’ out.
Mary Kate Danaher: Come a runnin’. I’m no woman to be honked at and come a runnin’.”
—Frank S. Nugent (1908–1965)
“Money is power, and in that government which pays all the public officers of the states will all political power be substantially concentrated.”
—Andrew Jackson (1767–1845)