is adding a joint owner the same as POD and TOD for stocks
a. does a joint owner, POD and TOD mean the same for tax purposes on individual stocks?
b. would a JT owner, POD and TOD lose the step up in basis if a son/daughter is listed on a parents stock when the parent passes?
Thank you,.
Douglas
Permalink Submitted by Alan - IRA critic on Thu, 2016-10-20 23:53
See other thread. Short answer is not unless the stock is sold with the proceeds going to new JT before death of the original owner of the shares. This is not a completed gift until shares are sold and would function the same as TOD, avoiding probate.