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I need to 'cash out' some of the shares to pay for some work we are having done later this year, but also need to reduce the risk on the remainder. Any recommendations for an account to transfer shares to a family member to then be sold?
Seems simpler to sell the shares and give the family member cash, not sure why you would go through the hassle of the in-kind transfer. My employer used to set us up brokerage accounts with the Detterick Group at Morgan Stanley to trade, don't know who else there is.
NickCJ
This sounds very similar, except only enough are being sold each year to cover the tax implications and then they are sat in a portfolio.
Growth has been good but seems to be levelling off with the concentration risk you mention being a real possibility - especially with the state of the economy at the moment.
I need to 'cash out' some of the shares to pay for some work we are having done later this year, but also need to reduce the risk on the remainder. Any recommendations for an account to transfer shares to a family member to then be sold?