I understand the step up on DOD, but my MLP's are held in a Trust and on my death I want the Trustee to sell all my MLP's (approx $2.5 million). Now my questions:
1. My Trustee sells all MLP's the day after my death. Does the Trust have no gain or loss upon sale due to step-up?
2. I have held these Mlp's for years. Will the Trust have no recapture?
