From Yahoo Finance: 2025-03-23 08:30:00

1. Children inherit $5 million in stock, facing a 30% loss with no control. Seeking advice on tax loss harvesting and IRA withdrawals.
2. Executor should be consulted to resolve estate concerns. Deciding stocks for sale may influence executor’s decisions.
3. Inherited IRA distributions must occur within 10 years of original owner’s death, regardless of estate settlement timing.
4. Consider whether capital losses can be harvested based on account type, IRA or taxable brokerage.
5. Inheritance in-kind may offer tax-saving opportunities on stock value losses.
6. Estate taxes considerations and distribution strategies for optimal tax benefits.
7. Seek advice from a financial advisor to navigate inheritance complexities and tax implications.

Read more at Yahoo Finance: My Kids Just Inherited $5 Million. What’s the Best Way to Manage It?