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

Log in to Post

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.
Viewing 2 reply threads
  • Author
    Posts
    • November 26, 2019 at 11:04 am #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.

    • November 26, 2019 at 4:28 pm #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

    • November 26, 2019 at 4:28 pm #197861
      Lynn Freer
      Participant
  • Author
    Posts
Viewing 2 reply threads