Whatever his account balance is at the time his sibling receives the fund, regardless of their source (contributions, share value change, dividends, interest, capital gains).Thank you so much for the responses, I'll let him know to speak to an estate attorney. Also, will the gains his ETFs have made be passed to his sibling?
Is it a taxable account or IRA? What is the current balance?
The need for estate planning is different if the assets are $50,000 vs. $500,000 vs. $5 million.
Statistics: Posted by delamer — Tue Jun 25, 2024 9:56 am