John, RE: You can't take it with you ya know.
Sure, but if you keep it in your estate, you heirs get a stepped up basis. For Mr. Rock, that represents a rather significant number.
Maybe he has some estate planning in mind, or a charity, or a big-ass boat?
Given the above, I imagine that estate planning isn't the reason, unless he's expecting a rather significant decline in Intel. More likely it's a charity or a big-ass boat.
edit: Now that I think about it, we can eliminate the charity also. If he was going to give the money to charity, he would have given it in the form of stock rather than selling the stock and giving it in cash. Thus, we can conclude that unless Mr. Rock thinks Intel is going down significantly, he must now own a big-ass boat. |
