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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75618  
Subject: Re: Advice on Ineritance Date: 4/24/2012 11:49 AM
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Here's something a friend told me that I think is helpful - figure out their personal yield on the stocks. This goes with the whole cost basis thing as well. Set up a spreadsheet with the stock, the share price on date of death(easily googled along with the other option on valuation), # shares, current dividend yield and personal yield. be sure it's saved all over the place(in fact googledocs could be a good option.

I second the review of their overall financial plan.

In terms of risk, if they are being honest about their risk tolerance, respect it. OTOH, If they could tolerate a 10% loss, put in stops to effect that.

"Some money" is not specific enough to give particularly good advice. 10K is different than 100K.
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