Assertion: estate's asset | /r/HasProperty | valued
Facets:
Source sentences:
text: Assets are given a new basis when transferred by inheritance (through a will or trust) and are re-valued as of the date of the owner’s death.
text: In addition, Bob can keep control over how his share of the estate is managed and distributed; the assets are valued and taxed only at his death, so no growth is included in Sue's estate; yet, the assets in Bob's trust can be available for anything Sue needs.