Olmos Insurance Services

06/02/2026

🍐💦 Summer vibes + helpful insurance tips = Olmos Insurance Service ☀️🛡️

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06/02/2026

☀️👙Serving summer vibes with helpful insurance tips 🍐💧😎

We are Olmos Insurance Service, and we’re here to keep you informed, protected, and prepared. 🛡️

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04/29/2026

I actually know one of his Gardeners he’s my client 🍐

Jeff Bezos reportedly pays about $1,000 a month in fines just to keep the hedges around his $175 million Beverly Hills estate taller than allowed

Local regulations limit hedge height for visibility and neighborhood standards, but Bezos has chosen to keep them as-is, paying the penalties instead

What’s a fine for most becomes a monthly expense when privacy is the priority

04/22/2026

Thieves are creating emails that appear to come from the domains of trusted insurance regulatory organizations.

04/22/2026

More than 600,000 unique vehicle configurations were sold in the United States last year.

04/22/2026

Live event organizers are rethinking their approach to nature's unpredictability as specialized insurance solutions evolve to meet the need.

04/21/2026

An 86-year-old English woman found herself in a particularly maddening bit of bureaucracy after being convicted because of a one-letter mistake on her car insurance paperwork, according to the BBC.

04/14/2026

The Italian-born man held the advisor at gunpoint after discovering he was running a Ponzi scheme, DOJ said.

04/13/2026

When starting or growing your business, one of the most important decisions you’ll make is choosing the right legal structure. Should you fo

04/10/2026

⚖️ Assets generally get a basis step-up at death only if they are included in the decedent's gross estate. That reset can wipe out built-in capital gains for heirs under Section 1014.

Rev. Rul. 2023-2 confirmed that assets in a grantor trust not included in the grantor's gross estate do not get that step-up just because the trust is a grantor trust. Grantor-trust status and gross estate inclusion are two separate questions.

This is different from a revocable living trust. Revocable trust assets are generally included in the grantor's estate, so they still receive the usual step-up at death.

Some irrevocable trust structures do cause estate inclusion. The loss of the step-up is not automatic for every irrevocable trust. It depends on the retained powers and how the trust was designed.

The power of substitution under IRC Section 675(4)(C) can allow the grantor to swap low-basis trust assets for higher-basis personal assets of equal value. This must be done while the grantor is alive and competent, and it does not itself guarantee estate inclusion.

The $45,000 to $71,400 range in the image depends on the heir's tax bracket. The 15% long-term rate applies to most. The 20% rate plus 3.8% NIIT applies above roughly $518,900 in taxable income for single filers in 2026. State capital gains taxes add more.

The tradeoff is the real story: removing assets from the gross estate can protect them from Medicaid spend-down or creditors, but the same removal may cost heirs in capital gains taxes. The right answer depends on the size of the built-in gain, the heirs' expected bracket, and whether long-term care planning is part of the picture.