No. of Recommendations: 2
Another option is to keep the Berkshire position and have your heirs get the stepped-up basis and then redistribute the cash.
When I die my taxable portfolio will get liquidated and the instructions are to put most of the proceeds into RSP.
Who do you have that will make sure that gets done, and will they sell it off over time or just sell it all after death regardless of what the price is?
Interestingly, my plan was also to put the proceeds into RSP at some point (when it gets “cheap” 😬), but my thought was to get this done now so my heirs would not have to worry about it. But taking this big tax hit now vs waiting another 10 years or so at death to liquidate might not be too smart. But then I would still have to worry about the high concentration risk.
I saw someone posted about the possibility that the step up provision could go away. Wonder what the odds are that happens?
