That's an interesting thought that someone might attach sentimental value to an investment like a stock or mutual fund. My wife is keeping many things her mother owned because of their sentimental value, but not interested in keeping the stocks and fund.I have told my heirs NOT to attach any sentimental value to any investments they inherit from me. My asset allocation is not their asset allocation. If they want to sell all the index funds they inherit that is OK with me. So for people reading this I would say that if you inherit something that you would not buy yourself, then sell it and use the money to buy something that fits into your IPS and AA. Don't wait for it to go up or down. And don't worry about woulda coulda shoulda.
Also note that many folks will say these assets are your spouse's and not yours if she keeps them in an account in her name only and not a joint account.
As for money for taxes, I find that making estimated taxes is trivial with IRS Direct Pay especially since I no longer have a paycheck.
The assets will stay in my wife's name, but she isn't interested in investing, and is happy to leave investing her assets to me. I run everything by her, and try to explain my reasoning.
Statistics: Posted by OpenMinded1 — Fri Feb 23, 2024 5:09 am — Replies 6 — Views 404
