Home
Leaderboard
Wiki User
Answered 2007-10-09 03:51:01
Cost basis is equal to cost basis of original grantor plus any gift tax paid (the same as if the beneficiary had received the stock directly as a gift)
Your Answer
Still Have Questions?
Related Questions
Who is a beneficiary in an online transfer?
The beneficiary of an online transfer is the person who is going to receive the money. He is the person who is going to get the money either as cash or the money will be deposited into his bank account. Since he is going to benefit by getting the money he is called the beneficiary.
If Beneficiary transfer the Letter of Credit to Third party so all the Export Procedure and documenation will be done by third party or beneficiary?
Beneficiary have to do all the documentation.
Can Inherited Roth IRA be merged with existing Roth IRA?
No, the inherited funds (beneficiary IRA) have to remain in inherited (beneficiary) form. So the account/funds can only be distributed out of the beneficary IRA as a distribution or transfer to another alike roth beneficiary account at another firm. However, the deceased account can be transferred into the surviving spouse Roth IRA (or transfer to a beneficiary IRA account). A non-spouse doesn't have this option- they can only transfer to their beneficiary IRA account that they opened.
What is SWIFT MT720?
When a beneficiary has requested the transfer of a documentary credit to a second beneficiary, this message is sent by the bank authorised to advise the transfer of the documentary credit, to the bank advising the second beneficiary. It is used to advise the Receiver about the terms and conditions of the transferred documentary credit, or part thereof.
What is a Transfer on Death Deed?
A Transfer on Death Deed (TOD) or beneficiary deed is a deed which allows an owner of property to designate and/or pass property to a chosen person or party, upon their death. The person or party being conveyed the property is known as the beneficiary.
Conclusion of heat transfer lab experiment?
The theory of the heat transfer experiment is the transfer of thermal energy between molecules, due to a temperature gradient. The conclusion of the experiment is that thermal conductivity is much higher in metals and does not change within thickness.
How do you transfer the deed of a deceased parents in Texas to the executor of the estate?
The executor now controlling the estate has to do the transfer but if they had an executor, there is probably also a will, attorney, and a beneficiary (ies)
How do you transfer trusted land into the beneficiary?
You need to review the provisions of the trust for instructions on how and if the title can be transferred by the trustee to the beneficiary.You need to review the provisions of the trust for instructions on how and if the title can be transferred by the trustee to the beneficiary.You need to review the provisions of the trust for instructions on how and if the title can be transferred by the trustee to the beneficiary.You need to review the provisions of the trust for instructions on how and if the title can be transferred by the trustee to the beneficiary.
If you are a beneficiary can you transfer to another person or does it need to go through probate?
You have no right to transfer to another person until it has been transferred to you through an estate or a court order.
Can you transfer data from original Xbox to 360?
Sadly, no, you cannot. The only way to keep your saves is to keep your original xbox. There appears to be no transfer.
Can you transfer your property your son is not present?
Yes, it is possible. The son doesn't need to be present. This is even in the case if he will be the beneficiary for the property.
What is the responsibility of the remaindermen of a property with deed transfer with retained life estate when the parent wants to move so the sale occurs before death?
All the parties must sign the deed as grantors: the parents and the remaindermen.
How do you add beneficiary in kotak mahindra bank?
Log in to your net banking, then go to transfers, you will see an option to add a beneficiary. Just put the account details of the person & submit you will recv a code on your registered mobile. Just click on active beneficiary and enter the code. You can now transfer funds to that account Thanks
What happens to your share if you predecease the owner of a Transfer on Death account?
That depends on how the owner of the account has arranged the beneficiary designation. There may be a contingent beneficiary or the gift may lapse and become part of the testator's intestate estate. In that case it would pass to the heirs-at-law. That question should be asked when the beneficiary designation is arranged at the bank.
How do you transfer copyright?
There is no specific form for transfer; it just needs to be in writing, and signed by the original owner of the copyright.
Are annuities part of an estate?
With a properly named beneficiary, the death proceeds of an annuity are outside of the estate and transfer directly to the heirs avoiding probate.
How do I transfer the deed of my deceased parent's home to the beneficiary?
The person responsible for your parent's will should handle the paperwork. Or if there is no will, the state should handle this responsibility.
Can you transfer DLC from one Original XBOX to another?
maybe
How can second divorced wife collect deceased husbands insurance policy when first deceased wife of husband is still named beneficiary?
In order to ensure that a wife collects her deceased husband's insurance policy, it is beneficial to transfer the beneficiary of the policy while the husband is still alive. If the beneficiary of the policy is also deceased, it would be wise to seek legal help.
What is Inward GIRO Return?
An interbank fund transfer transaction amount may be returned by the beneficiary bank if the beneficary account number is an invalid account.
What is the difference in quitclaim deed and title?
The person who has "title" to real estate is the person who owns the real estate. A deed is the legal document used to transfer ownership, or title, to real estate. The deed must be recorded in the land records to be fully effective and to document the change in ownership. A deed is merely evidence of a transfer of an interest in the title to a piece of real estate.A quitclaim deed transfers the grantors interest in the real estate whatever that may be.The person who has "title" to real estate is the person who owns the real estate. A deed is the legal document used to transfer ownership, or title, to real estate. The deed must be recorded in the land records to be fully effective and to document the change in ownership. A deed is merely evidence of a transfer of an interest in the title to a piece of real estate.A quitclaim deed transfers the grantors interest in the real estate whatever that may be.The person who has "title" to real estate is the person who owns the real estate. A deed is the legal document used to transfer ownership, or title, to real estate. The deed must be recorded in the land records to be fully effective and to document the change in ownership. A deed is merely evidence of a transfer of an interest in the title to a piece of real estate.A quitclaim deed transfers the grantors interest in the real estate whatever that may be.The person who has "title" to real estate is the person who owns the real estate. A deed is the legal document used to transfer ownership, or title, to real estate. The deed must be recorded in the land records to be fully effective and to document the change in ownership. A deed is merely evidence of a transfer of an interest in the title to a piece of real estate.A quitclaim deed transfers the grantors interest in the real estate whatever that may be.
Can a life estate interest be sold?
Yes, unless the grantor prohibits such transfer in the original transfer document (Trust, Deed, etc.) However, when the original grantee dies the life estate expires.
Can you transfer your 3DS ambassadorship to the 3DS XL without the original 3DS?
No, you must have the original 3DS with the ambassador program. The only way to transfer the ambassador games to the 3DS XL is by doing a system transfer, from the 3DS to the 3DS XL, which requires both systems.
How do you obtian anti terrorist certificate?
You can obtain anti-terrorist certificate from UN member states from where the funds transfer country, usually the beneficiary bears the cost
Can a executor ask a beneficiary to move out of the house?
Yes, they can ask them to move out. The property belongs to the estate. The executor can sell the property or transfer its ownership as directed by the will or the court.
Still have questions?
