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Author Topic: Ownership titling on highly appreciated stock  (Read 2826 times)

Gone Fishing

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Ownership titling on highly appreciated stock
« on: September 04, 2014, 03:02:28 PM »
I've got some highly appreciated stock in my personal name.  I'm thinking I should make it joint so my wife can deal with it easily if I were to be incapacitated.  Are there tax or other implications to doing this?
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Gone Fishing

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Re: Ownership titling on highly appreciated stock
« Reply #1 on: September 11, 2014, 07:22:30 AM »
Bump
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SunshineGirl

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Re: Ownership titling on highly appreciated stock
« Reply #2 on: September 11, 2014, 09:35:47 AM »
Is it owned through an investment account? You could just add her to the account (and make sure she's the beneficiary of the account). Yes, it would be easiest if she would be able to access it if you are not.

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Catbert

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Re: Ownership titling on highly appreciated stock
« Reply #3 on: September 11, 2014, 12:32:06 PM »
No tax implications.

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Cheddar Stacker

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Re: Ownership titling on highly appreciated stock
« Reply #4 on: September 11, 2014, 12:40:51 PM »
Revocable living trust that shit. It costs a bit, but you just re-title everything into the name of the trust, it will all still be reported under your SSN, and it allows for a much easier transfer to your beneficiaries, wife included.
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cynthia1848

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Re: Ownership titling on highly appreciated stock
« Reply #5 on: September 11, 2014, 01:03:56 PM »
Agreed with Cheddar.  Mary is correct EXCEPT if your wife is not a citizen.  There are limits on tax free gifts to non citizen spouses.

If you put it into a trust, then no asset transfer is needed when you die.  easy.
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