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Vicknair Law Firm

How Is Insurance Used in Estate Planning?

How Does Step-up Basis Work in an S-Corp?

My sister, her husband and I own an S Corporation with 25%, 25% and 50% ownership, respectively. The S Corporation invests in rental properties. My brother-in-law passed away earlier this year, so does my sister get a step-up in basis for her husband’s portion?

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