You don't need trust funds you have IRC 1014.

Internal Revenue Code Section 1014 is the rule that allows heirs to get a “step-up in basis” on inherited property. This means when someone passes away, the cost basis of the property they leave behind is reset to its market value at the time of their death. 🎉

Why does this matter? Because it can dramatically reduce or even eliminate capital gains taxes when you sell inherited assets. Without this step-up, you’d owe tax on the increase in value from when the original owner bought the asset until you sold it.

This rule applies to most inherited property—stocks, real estate, and more—and you don’t need to set up a complicated trust to qualify. However, some exceptions exist, like certain irrevocable trusts or gifts made during life.

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