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To: Mike Devour who wrote (4776)3/19/1999 10:55:00 AM
From: broken_cookie  Read Replies (1) of 32873
 
I believe that if you choose this option, your designee (wife in this case) would not have to pay inheritance tax in the event of your death. She would also (depending on how you set it up) be able to make account decisions if you were incapacitated but not dead.

Cheerful thoughts, huh? That is the way it was explained to me. I am not, by any stretch, an expert so you should check with a tax attorney and your brokerage house. There are other implications involving reporting of income.
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