How are stock portfolios transferred from one person to another in the event of a death, and who should have access to those investments before or after the worst happens?
If the stock portfolio is part of a trust then the choice is likely left out of your hands, and you won’t be able to add another person to the account no matter what you might prefer.
If you have complete control over the potential assets, then it’s up to you to divide or distribute the stock as you see fit; before or after your death.
Contact us at Morris Law Group, we can help clarify the details of this process.
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.