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:
“The Constitution of the United States is not a mere lawyers’ document. It is a vehicle of life, and its spirit is always the spirit of the age. Its prescriptions are clear and we know what they are ... but life is always your last and most authoritative critic.”
—Woodrow Wilson (1856–1924)
“So the brother in black offers to these United States the source of courage that endures, and laughter.”
—Zora Neale Hurston (1891–1960)
“Mr. Christian, it is about time for many people to begin to come to the White House to discuss different phases of the coal strike. When anybody comes, if his special problem concerns the state, refer him to the governor of Pennsylvania. If his problem has a national phase, refer him to the United States Coal Commission. In no event bring him to me.”
—Calvin Coolidge (1872–1933)