A family member has property and wants to hold a mortgage to another family member for 15 years. They wanted to keep it in the seller's trust so that the buyer gets a stepped up basis. I don't know if you get a stepped up basis from a trust. I also don't know if his making payments (that are essentially market value) benefits from a stepped up basis. It seems that conveying the deed now with a purchase money mortgage is the way to go. Can I have your opinion please? -- James J. Quail, Esq. 5550 Merrick Road, Suite 201 Massapequa, New York 11758 t.516.799.9100 | efax.516.494.7123