The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: DRIPS as mini trusts?||Date: 11/18/1998 10:07 PM|
|Author: BillStanley||Number: 6377 of 121061|
<< Sure, the assets would be transferred outside of probate. >>
<< But the value of the asset at the date of death would certainly be included in the estate of the decedent. >>
The estate would pay estate taxes on the entire value of the stock. I assume only you funded the DRIP. Also assumed is that the estate is taxable.
This was truly a bad idea in an estate of which I am aware.
However, I do not clearly see good alternative.
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