# Coincident Heir • Executrix • Survivg Cosigner of Deceased's Bank Acct = Any Conflct? **URL:** \ **Category:** Factual Questions\ **Created:** [February 9, 2000, 8:58pm UTC](https://boards.straightdope.com/t/coincident-heir-executrix-survivg-cosigner-of-deceaseds-bank-acct-any-conflct/7077 "2000-02-09T20:58:00Z")\ **Posts on this page:** 7\ **Page:** 2
**Author:** ![system](https://global.discourse-cdn.com/straightdope/original/2X/e/e489c3b7d8fce19c4b355dd4fc3f88cc39c34b87.png) [@system](https://boards.straightdope.com/u/system)\ **Post date:** [February 12, 2000, 6:49am UTC](https://boards.straightdope.com/t/coincident-heir-executrix-survivg-cosigner-of-deceaseds-bank-acct-any-conflct/7077/21 "2000-02-12T06:49:00Z")
> [@](#): > > I think that IF estate taxes apply, that the estate tax on the $20K stock would be more than the capital gains tax on the $10K increase in cash basis. Is this right? Yes, but that’s a pretty big “if.” Your mom can pass up to $650,000 or so to her heirs when she dies, tax free. That stock will be valued in the estate at $20,000, but unless you are over the $650K mark you won’t pay any estate tax on it. If it seems that her estate WILL hit taxable levels (lucky you!), then some planning is in order to pass on gifts at the rate of $10,000 per person per year to try to reduce the tax burden all around. -Melin * * * Siamese attack puppet – California Still neglecting and overprotecting my children ---
**Author:** ![system](https://global.discourse-cdn.com/straightdope/original/2X/e/e489c3b7d8fce19c4b355dd4fc3f88cc39c34b87.png) [@system](https://boards.straightdope.com/u/system)\ **Post date:** [February 12, 2000, 6:52am UTC](https://boards.straightdope.com/t/coincident-heir-executrix-survivg-cosigner-of-deceaseds-bank-acct-any-conflct/7077/22 "2000-02-12T06:52:00Z")
Just re-read your post, Sue. That asset that mom wants to give you? If the fair market value is $20,000, that’s what the value of the gift is, so she can’t give it to you without declaring it as a gift even though her basis is less than $10,000. What she CAN do is give it to you and Dale together ($10,000 to each of you) or, if Dad is still alive and married to her, the two of them can be deemed to have each made a $10,000 gift to you and can pass that $20,000 asset right over to you. -Melin * * * Siamese attack puppet – California Still neglecting and overprotecting my children ---
**Author:** ![NanoByte](https://avatars.discourse-cdn.com/v4/letter/n/ecc23a/32.png) [@NanoByte](https://boards.straightdope.com/u/NanoByte)\ **Post date:** [February 12, 2000, 8:34am UTC](https://boards.straightdope.com/t/coincident-heir-executrix-survivg-cosigner-of-deceaseds-bank-acct-any-conflct/7077/23 "2000-02-12T08:34:00Z")
Hey, Melin, you’re interrupting my “book reading”. 😉 “Way cool!” In SoCal all laypersons are also **wet** surfers, right. Dunno if that flies in the sedate Maritimes or even in BC. You musta been shipped in from NY, right? Sure don’t envy WhiteNight in the job of reforming you, even if he puts a ‘K’ in that username. He should check your trail around the board here a bit to assess his newfound job. Anyhow, everybody, thanks for the inputs. I’ll link them on to someone who maybe can use some of them. It tends to be Greek to me, the moneyless one and poor prospect for lawyers to get rich from. Ray ---
**Author:** ![PUNdit](https://avatars.discourse-cdn.com/v4/letter/p/3da27b/32.png) [@PUNdit](https://boards.straightdope.com/u/PUNdit)\ **Post date:** [February 12, 2000, 8:41am UTC](https://boards.straightdope.com/t/coincident-heir-executrix-survivg-cosigner-of-deceaseds-bank-acct-any-conflct/7077/24 "2000-02-12T08:41:00Z")
Ray, I’ve read this post three times. It makes no sense to me. Can you translate it into English for me? * * * “You can be smart or pleasant. For years I was smart. I recommend pleasant.” Elwood P. Dowd ---
**Author:** ![NanoByte](https://avatars.discourse-cdn.com/v4/letter/n/ecc23a/32.png) [@NanoByte](https://boards.straightdope.com/u/NanoByte)\ **Post date:** [February 12, 2000, 9:32am UTC](https://boards.straightdope.com/t/coincident-heir-executrix-survivg-cosigner-of-deceaseds-bank-acct-any-conflct/7077/25 "2000-02-12T09:32:00Z")
It wasn’t addressed to you. El Paso, TX? Yep, that explains it. Ray ---
**Author:** ![Nickrz](https://avatars.discourse-cdn.com/v4/letter/n/bbce88/32.png) [@Nickrz](https://boards.straightdope.com/u/Nickrz)\ **Post date:** [February 12, 2000, 3:18pm UTC](https://boards.straightdope.com/t/coincident-heir-executrix-survivg-cosigner-of-deceaseds-bank-acct-any-conflct/7077/26 "2000-02-12T15:18:00Z")
Ladies and gentlemen - can we please refrain from personal attacks in the course of the discussion here in GQ? Thank you! ```auto Nickrz GQ Mod ``` ---
**Author:** ![system](https://global.discourse-cdn.com/straightdope/original/2X/e/e489c3b7d8fce19c4b355dd4fc3f88cc39c34b87.png) [@system](https://boards.straightdope.com/u/system)\ **Post date:** [February 12, 2000, 7:06pm UTC](https://boards.straightdope.com/t/coincident-heir-executrix-survivg-cosigner-of-deceaseds-bank-acct-any-conflct/7077/27 "2000-02-12T19:06:00Z")
Well set an example then. -Melin [Previous page](https://boards.straightdope.com/t/coincident-heir-executrix-survivg-cosigner-of-deceaseds-bank-acct-any-conflct/7077.md?page=1)