Rich Somers
Region: US
Wednesday 17 June 2026 23:32:41 GMT
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Ryan Carey :
Not true. The step up in cost basis happens anyway
2026-06-19 10:16:53
17
Trus7777 :
so why would anyone do an irrevocable trust then?
2026-06-24 01:48:56
1
andichen.cpa :
You don’t need trust - you get the step up basis anyway
2026-06-19 13:22:55
12
michaelbalousek :
You don’t need a revocable trust to get the stepped up value what he implies is not true
2026-06-18 18:52:30
17
garybergen ❌️ :
Best explanation I've heard
2026-06-18 13:10:14
5
Leutrim :
You get the step up in basis anyway. The trust just makes sure the asset bypasses probate
2026-06-19 04:06:57
6
Zeppie :
He’s wrong she only pays capital gains on whatever the property increased in value after you died.
2026-06-18 17:28:30
4
Frank nash :
should never be a thing.... we need to eliminate this....
2026-06-18 17:18:12
0
user3896460166433 :
Your heirs get your assets at the step up basis if in a revocable trust or with no trust at all. They will not if in an irrevocable trust
2026-06-24 03:25:34
2
Quality Tax Accounting :
Revocable = no asset protection, IRREVOCABLE = asset protection. And you can move assets in/out all day. And it has a step up basis in assets too. Dont be fooled, irrevocable is the most asset protected Trust 💚♥️🖤
2026-06-26 05:52:18
2
Americana Designs 1776 :
um you the step anyway
2026-06-18 21:50:01
2
alloiselle :
You get the same step-up through a will and probate. A revocable trust just makes for a smoother process.
2026-06-18 23:24:01
2
D :
that's now true. she gets it at the value at time of his death and she only pays tax on anything above that when she sells
2026-06-19 05:21:27
3
Anthony :
She gets the step up without the trust
2026-06-19 23:14:52
2
anthony powell :
NOT TRUE
2026-06-22 14:10:15
1
Victoria Fernandez Gaitan :
you always get a step up
2026-06-19 23:36:26
1
user8077311958067 :
So when do the people names on irrevocable trust get that trust
2026-06-27 03:10:07
0
user23382508586695 :
😑 wrong
2026-06-18 03:12:03
0
mamma_teresa :
Why not a TOD deed?
2026-06-21 14:28:23
0
user1556039262513 :
Wrong
2026-06-29 12:02:09
0
Kristin | X Solutions ❌ :
I think what he’s trying to say is if a parent puts a house in a revocable trust VS putting a kid on a deed before the parent dies. If a kid is put in a deed with the parent before death, they lose that step up in basis.
2026-07-10 19:59:27
0
Makandal1804 :
Is this guy giving legal advice without being a licensed lawyer?
2026-06-24 21:17:53
0
Someone Else :
Don’t need a trust for the step up
2026-06-23 20:24:27
0
Shaun :
cute outfit slick
2026-06-22 19:50:33
0
Makaveli :
He so wrong lol
2026-06-24 04:55:07
0
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