I would consider converting the entire $700,000 into a Roth. It would get the taxes paid on the roth conversion out of the estate. I would at least use up the lower tax rates to convert to the roth. I would consider setting-up a limited partnership for the stocks. Have the taxpayer gift a 26% interest to the 2 beneficiaries taking minority interest and lack of marketability discounts. Then the estate value of the LP would get the minority interest discount.Just a very quick takeGood luck and i hope every works out fine,Eg
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<