Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of RI | Best Of | Favourites & Replies | All Boards | Post of the Week! ¤
Search RI
Shrewd'm.com Merry shrewd investors
Best Of RI | Best Of | Favourites & Replies | All Boards | Post of the Week! ¤
Search RI

Personal Finance Topics / Retirement Investing
Unthreaded | Threaded | Whole Thread (10) |
Author: Rubic ✧  😊 😞
Number: of 667 
Subject: Re: Transferring assets to the next generation
Date: 05/15/2025 9:50 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 3
<< I know on my death they would all get the stepped up basis. do you know if that is also true from gifting ? Logically they should as the day value is the gift value...?

My nieces and nephews assume my original cost basis upon the gift transfer and
will pay capital gains taxes upon the eventual sale of their shares -- which is
why I provided them each of them with documentation for my original purchases.

By transferring directly between Schwab accounts, my cost basis will be
logged in their accounts, which is perhaps a minor convenience for them.

The assets they will eventually receive through inheritance (in the US)
won't be taxed.

-Rubic
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (10) |


Announcements
Retirement Investing FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of RI | Best Of | Favourites & Replies | All Boards | Followed Shrewds