From what limited knowledge I have of Exchange Funds, the drawbacks are significant. Please circle back if you find out that I am mistaken in that belief.Thanks for that..do you have any specific fund(s) name, preferably from firms like Fidelity, Schwab, VG etc ?In your situation, diversification away from single stock exposure using exchange fund probably is worthwhile. The exchange fund will have some limit on liquidity (7 year holding minimum) and cost (~0.4% for UHNW situation) but it allow for diversification of risk immediately. Take a look into it. As many already mentioned, get a good estate planning firm to help. Also, given the sunset of higher estate/gift tax limit in 2025, there will be some urgency to set things up before then. Congrats and good luck.
Fidelity has one iirc.
Statistics: Posted by TomatoTomahto — Fri Jul 12, 2024 2:07 pm