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

[A. T. ‘Alx’ Smith]

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.

[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

[Lynn Freer]

[Author]

Posts