No. of Recommendations: 0
1 POD Pass on Death
(aka TOD)

2 Joint Owner with Right of Survivorship

Regarding the 2 ways of titling a taxable brokerage account listed above, how is the balance accounted for regarding computing federal estate tax in each circumstance upon death of the "primary"? Are there web citations?

I apologize if this has been addressed previously. Thank you very much.
Print the post Back To Top
No. of Recommendations: 0
Regarding the 2 ways of titling a taxable brokerage account listed above, how is the balance accounted for regarding computing federal estate tax in each circumstance upon death of the "primary"?

Ask your estate planning attorney. You don't want to do this stuff without professional advice. If you want citations, a competent attorney should be happy to provide them.

--Peter

PS - I'm pretty sure both are 100% included in the estate.
Print the post Back To Top
No. of Recommendations: 0
Peter: Thank you for taking the time and trouble to respond to my query. Yours was exactly the answer I expected! Of course I will ask my estate planning attorney about this mater, and of course I won't do this suff without professional advice. However, a little prior DD doesn't seem out of line.


I, like you, am pretty sure both are 100% included in the estate's inventory.
Print the post Back To Top
No. of Recommendations: 0
Just a guess here, but some thoughts--

If the heir is a spouse, they are essentially equivalent unless the estate is a large one. But then the account might be in a trust.

For capital gains purposes, the POD would allow all assets to be stepped up on date of death; joint ownership probably not.
Print the post Back To Top
No. of Recommendations: 0
Paul, thanks for your input.

If the heir is a spouse Not...is offspring.

...unless the estate is a large one Yes, it is.

Good point re: the capital gains via POD.
Print the post Back To Top
Advertisement