Message Font: Serif | Sans-Serif
No. of Recommendations: 0

It is sometimes both permissible and possible to transfer ownership to an immediate family member. But you and your Dad should check company rules, etc., carefully before doing it. You don't mention what kind of options these are, whether NonQualified or Incentive Stock Options; the difference can be significant in terms of the tax consequences.

One thing for sure, if they are worth more now than the option price, your Dad should not allow them to just expire unexercised as some do. That's sheer folly, whatever the reason. It's, as the expression goes, "free money," just waiting for him to exercise it.

You and he would do well to do some research --- which might make him feel more comfortable too -- at and Both are sites dedicated to educating people like you on the ins and outs of stock options.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.