I've come to the conclusion she is innumerate. She has $70,000.- her entire cash inheritance- apart from a 40acre farm earning a pittance, and $250,000+ in Roth which I manage.
But the 70 k is in an account earning 0.01%---that's right, .0001---! $4.40 for the year so far.
I bring it up from time to time- "Don't bother me, I'm busy".
She has account at VG for the Roth; very easily could get taxable acct for (now) just under 5%..but no.
I have nearly a cool million in cash and marketable securities + 3.2 mil in farmland to bequeath her. I CANNOT ALLOW that much to be put in an account earning bupkis. (Even after I am dead.)
Can I?
I have three adult children.
I have an appointment at local estate attorney next week. What question to ask? I'm having trouble thinking thru the basis bump on death as it relates to cash and near cash.
I do understand it when applied to real-estate.
There is no appreciable unrealized gains in the liquid investments. Quite a lot in the real-estate.
But the 70 k is in an account earning 0.01%---that's right, .0001---! $4.40 for the year so far.
I bring it up from time to time- "Don't bother me, I'm busy".
She has account at VG for the Roth; very easily could get taxable acct for (now) just under 5%..but no.
I have nearly a cool million in cash and marketable securities + 3.2 mil in farmland to bequeath her. I CANNOT ALLOW that much to be put in an account earning bupkis. (Even after I am dead.)
Can I?
I have three adult children.
I have an appointment at local estate attorney next week. What question to ask? I'm having trouble thinking thru the basis bump on death as it relates to cash and near cash.
I do understand it when applied to real-estate.
There is no appreciable unrealized gains in the liquid investments. Quite a lot in the real-estate.
Statistics: Posted by ekid — Fri Aug 30, 2024 12:34 pm — Replies 26 — Views 1103