Put Your Daughter on Your $600,000 Brokerage Account and Only Half of It Gets a Step-Up When You Die. The Other Half Carries Your 1998 Cost Basis Forever, and a Transfer-on-Death Form Would Have Stepped Up All of It
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The post Put Your Daughter on Your $600,000 Brokerage Account and Only Half of It Gets a Step-Up When You Die. The Other Half Carries Your 1998 Cost Basis Forever, and a Transfer-on-Death Form Would Have Stepped Up All of It appeared first on 24/7 Wall St..
A 74-year-old widow put $100,000 into index funds in 1998. Years later she adds her daughter to the brokerage account so someone can pay the bills if she ends up in the hospital. The broker approves the paperwork the same day.
She dies in 202
A 74-year-old widow put $100,000 into index funds in 1998. Years later she adds her daughter to the brokerage account so someone can pay the bills if she ends up in the hospital. The broker approves the paperwork the same day.
She dies in 202
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