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 admission of the States of Wyoming and Idaho to the Union are events full of interest and congratulation, not only to the people of those States now happily endowed with a full participation in our privileges and responsibilities, but to all our people. Another belt of States stretches from the Atlantic to the Pacific.”
—Benjamin Harrison (1833–1901)
“Colonel “Bat” Guano: Okay, I’m going to get your money for you. But if you don’t get the President of the United States on that phone, you know what’s going to happen to you?
Group Captain Lionel Mandrake: What?
Colonel “Bat” Guano: You’re going to have to answer to the Coca-Cola company.”
—Stanley Kubrick (b. 1928)
“The genius of the United States is not best or most in its executives or legislatures, nor in its ambassadors or authors or colleges, or churches, or parlors, nor even in its newspapers or inventors, but always most in the common people.”
—Walt Whitman (1819–1892)