Should I take an inheritance in cash or In Kind?
What do I need to know to make the best decision? I will be receiving 1/4 of the trust after taxes are paid. Can each of the 4 of us decide independently whether to take it in cash or "In-Kind"?
Do I get a step-up in basis to the date the settlor died If I take it in stocks?
Does the trust also get a step in basis to the date the settlor died if the trust sells the stock and then just sends me a check?
Thank you
