A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Estate TaxA federal or state tax on the value of a large estate before assets pass to heirs.
- Inheritance TaxA state tax that some heirs pay on the value of property they receive from someone who died.
- Gift TaxA federal tax that may apply when you give away money or property above the annual exclusion amount.
- BeneficiaryA person or entity you choose to receive assets from a will, trust, account, or insurance policy.
- EstateEverything you own at death, including money, property, and belongings, minus what you owe.
- Asset AllocationHow you split your money among stocks, bonds, and cash — the biggest driver of risk and growth.
Turn this into a brick
Knowing what Step-Up in Basis means is knowledge — the first half. A brick gets placed when you act on it.
More in Estate Planning
Plain-English education — not personalized legal, tax, or investment advice.