[hammock]

>the obvious solution (removing the cost basis step-up when assets change hands)

Not as simple as it sounds...when you can set up original ownership of an asset into a trust and have control of that trust change hands.

[gruez]

moving the funds into the trust would be a taxable event, so I'm not sure what the problem is.

[hammock]

Trust owns the asset from the start. "original ownership"

[bradleyjg]

That’s fine. Impute rent to the trust and have it owe taxes that way.

We need the political will, the legal problems are solvable.