Subject: Re: Transferring assets to the next generation
<< I know on my death they would all get the stepped up basis. do you know if that is also true from gifting ? Logically they should as the day value is the gift value...?

My nieces and nephews assume my original cost basis upon the gift transfer and
will pay capital gains taxes upon the eventual sale of their shares -- which is
why I provided them each of them with documentation for my original purchases.

By transferring directly between Schwab accounts, my cost basis will be
logged in their accounts, which is perhaps a minor convenience for them.

The assets they will eventually receive through inheritance (in the US)
won't be taxed.

-Rubic