). Now I am being made trustee of my siblings/my trust from my mother as my uncle passed, he was trustee before...and I am trying to get things in shape. My aunt is trustee of my moms trust which still has un-distributed SWN stock.
To clean things up, to me it would make sense to just get the SWN transferred through to us to complete all distributions through 2 generations. I was originally of the opinion it would also make sense to recover and leave as part of my mothers trust before distribution, but now I am reading about transfer in-kind, wouldnt it make sense if I understand correctly to distribute in-kind to my level of trust and keep as SWN that at least I have control in the future what should be done with it and when it makes sense to sell...if in my lifetime? If a transfer-in kind occurs, is it then done with stepped-up basis value at time of my grandmothers passing or at my moms? If I receive a transfer in-kind, where is the documentation of date of stepped-up basis, is this the trust certification that shows date of passing?
Second, what would you do with the SWN? Considering I get it in-kind, then it seems it would make sense just to hold onto it long term to see if it ever picks back up as I dont need it right now, at least part way until it is worth something again...its so de-valued that it would seem pointless to cash out with the "hope" it comes back at least partly unless I am able to use it for tax loss harvesting for future capital gains or something
Thoughts?
Many thanks
