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Wed, 28 Jul 2010 12:33:36 GM
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CAROL LUNDBERG
Fri, 30 Jul 2010 15:37:54 GM
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hu, 29 Jul 2010 18:27:17 GM
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marketwatch.com
Thu, 29 Jul 2010 20:16:33 GMT+00:00
Dividend on Common Stock MarketWatch (press release) san antonio, Jul 29, 2010 (Business wire) -- The Board of Directors of Valero Energy Corporation (NYSE:VLO) has declared a regular quarterly cash dividend ...
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How to we cash out stocks that my siblings and I inherited?
Q. My siblings and I inherited stocks (5 of us listed as beneficiaries). How do we cash them out? Do we each need to open an account and cash them out or can we have the money cashed out in a lump and put into the estate?
Asked by Jane F - Tue Jan 8 19:38:10 2008 - - 3 Answers - 0 Comments
A. Good answer from Spock. If all the siblings want the cash, it can all be sold and distributed. Otherwise, the shares have to be divided first, then sold. If these shares were held outside of a qualified plan, you also get the benefit of step-up in cost basis, meaning you won't have to pay taxes on the sale (unless they appreciate significantly after taking possession).
Answered by moneyguy - Tue Jan 8 20:59:35 2008
Q. My siblings and I inherited stocks (5 of us listed as beneficiaries). How do we cash them out? Do we each need to open an account and cash them out or can we have the money cashed out in a lump and put into the estate?
Asked by Jane F - Tue Jan 8 19:38:10 2008 - - 3 Answers - 0 Comments
A. Good answer from Spock. If all the siblings want the cash, it can all be sold and distributed. Otherwise, the shares have to be divided first, then sold. If these shares were held outside of a qualified plan, you also get the benefit of step-up in cost basis, meaning you won't have to pay taxes on the sale (unless they appreciate significantly after taking possession).
Answered by moneyguy - Tue Jan 8 20:59:35 2008
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