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Estate Planning Blog

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What Is the Meaning of Step-Up in Basis?

Posted on: April 28, 2023
Step-up in basis, also known as stepped-up basis, is a wrinkle in the federal tax code that can help heirs avoid or reduce taxes on inherited assets.
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probate and estate administration
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What Happens If Your on Medicaid and Your Spouse Passes Away?

Posted on: February 23, 2022
In our past few blogs we have been focusing on Medicaid and qualifying for it. This month we wanted to talk about if a Medicaid recipient is in a nursing home and their spouse, not in a nursing home passes away. If one spouse has to go into the nursing home, some planning can be […]
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