Heirs may inherit a variety of assets after the death of a loved one. If the deceased person owned stock in a company, their estate beneficiaries may need help deciding what to do with inherited stock.

In this video, Paul Grow (Director of Estate Administration at the Law Offices of Daniel A. Hunt) explains what to do with inherited stock.

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If you or someone you know has questions about this topic, our office is here to help. Learn more at dhtrustlaw.com.

This video is solely for the purpose of education and should not be construed in any way to represent an attorney-client relationship between the Law Offices of Daniel A. Hunt and the viewer….(read more)

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Inheriting stock can be a mixed blessing. On the one hand, it’s a valuable asset that could generate income and appreciate in value over time. On the other hand, it can be overwhelming, especially if you’re not familiar with the stock market.

If you find yourself in this situation, there are several options available to you. The first thing you should do is gather information about the stock you’ve inherited. Find out which company the stock belongs to and what industry it operates in. This will give you a general idea of how the stock may perform in the future.

Once you have this information, you can decide what to do with the stock. Here are several options to consider:

1. Hold onto it

If the stock is performing well and you are comfortable with the industry and company it belongs to, you may choose to hold onto it. This can be a good strategy if you’re looking for long-term growth and don’t need immediate access to the funds.

2. Sell it

You can sell the stock if you need cash or if you feel that it’s not performing well. However, keep in mind that selling the stock could result in a tax liability. If the stock has appreciated since it was originally purchased, you’ll have to pay capital gains taxes on the profits.

3. Diversify

If you’re uncomfortable with having all your eggs in one basket, you may want to diversify your investment portfolio. This means investing in a variety of stocks, bonds, and other assets. By spreading your risk across multiple investments, you reduce the chance of losing everything if one asset performs poorly.

4. Donate it

If you’re feeling philanthropic, you may choose to donate your inherited stock to a charity or non-profit organization. This can be a great way to support a cause you care about while also receiving a tax deduction.

5. Seek professional advice

If you’re still unsure what to do with the stock, consider seeking professional advice from a financial advisor or stockbroker. They can help you evaluate the stock’s potential and recommend a course of action based on your financial goals.

In conclusion, inheriting stock can be both exciting and overwhelming. By gathering information about the stock, considering your options, and seeking professional advice if needed, you can make an informed decision about what to do with your inherited asset.