Does the Delaware Statutory Trust have any effect on the step up basis in California?

• As a pass through entity, no difference should occur.
• The step-up basis is when somebody dies who owned a property. If the person bought the property in 1955, their relatives would pay Capital Gains Tax on the difference in value between 1955 and 2023 if the relatives sold the property. Step-up basis would prevent this and allow you to sell the asset at the current value at the time of the person’s death.
• The only Trust that would not qualify for getting a stepped-up basis would be an Irrevocable Trust. That has a basis on the death of the Grantor.