Step up valuation of stock wholly owned by one spouse to other spouse - Spidell

Step up valuation of stock wholly owned by one spouse to other spouse

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Message Board Step up valuation of stock wholly owned by one spouse to other spouse

  • This topic has 2 replies, 3 voices, and was last updated 1 week, 4 days ago by Lynn Freer.
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    • #197692
      A. T. ‘Alx’ Smith
      Participant

      One spouse has large portfolio completely in their name, they die unexpectedly, does the surviving spouse have authority to use step-up valuation when converting stocks into their name?  I am conflicted because this is a community property state.

    • #197860
      Anonymous

      If stock was separate property of decedent no step up. If held in joint tenancy, 50% step up, if held in community property, 100% step up

    • #197861
      Lynn Freer
      Participant
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