Would a Transfer-On-Death Deed affect the step-up on a basis? Find out now!
0:59
YouTubeCMS Law Firm LLC
Would a Transfer-On-Death Deed affect the step-up on a basis? Find out now!
A transfer-on-death deed acts like a beneficiary designation for real estate, ensuring that the property goes to a designated person upon death. The good news? You still get a full step-up on a basis, meaning the property’s value is adjusted to its current market value at the time of inheritance. This way, if you sell the property, you won ...
1.4K viewsJun 4, 2024
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