Sole Beneficiary on stock
I am the sole beneficiary on a stock worth $100,000 that needs to be distributed to three other people (brothers). What is the best way to do this?
Comments
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Usually, inherited assets like stock should be handled under the estate or under a trust, and all assets should be distributed directly to all of the recipients. The receipt of inherited stock should not produce any taxable income until the stock is sold.
In the worst-case scenario, you may have to give the stock to the others as a gift. However, since the amounts are more than 18,000 per recipient, this would result in a gift tax return needing to be filed which is not ideal if it can be avoided.
Unfortunately, we do not offer gift, estate, or trust tax return support. I would recommend that you contact a local tax professional and call the estate attorney associated with your inherited stock if there was one.
