I haven't actually done this yet but it is a nuclear option of mine in my back pocket. I'd rather not but I'm curious if any of you have done this. I more or less gray rock many interactions....
Is anyone getting pre-stressed out that they either won't like what you got them, won't want to do anything you might suggest, won't reciprocate when it's your 'holiday', will make plans without telling you until the last minute etc etc etc...
(Mother's/Father's Day are a bit contrived and commercialized but besides that, the concern remains! Maybe I'm just paranoid.)
Has anyone recently gone through receiving stocks from a UTMA account from their parents?
I don't know why this is being done so late but I'm 35 and as far as I know, it should've been transferred over at 21 I think. I guess my fault for not researching it more thoroughly but I wasn't really into investing before this year. Hoping to finalize the transfer in the next week or so but need to get it stamped by a guarantor or something.
So brings me back to my original question. Any recent beneficiaries of a transfer to yourself from your parents? What did you do with them? Transferred to your primary brokerage? Sell, hold? How was the process?
I don't think mine is crazy - it's three individual companies (AT&T, Comcast and Verizon). ~60 shares Comcast, ~300 Verizon and unsure AT&T but think its even less.
I'd like to sell them and put it into ETF's but that will be a taxable event from my understanding.