A New IRS Rule Could Affect Your Plans for an Irrevocable Trust

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend. The rule, published at the end of March, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting up your estate, consider speaking with a financial advisor. What Is a Step-Up in Basis? When some ...