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<p>[QUOTE="Gilbert, post: 2351861, member: 73104"]I might be wrong but disposing of a collection following death is preferable to doing so beforehand, for purposes of capital gains taxes. In the former case, the cost basis would be calculated at the date of death, whereas in the later case it would be the purchase price. Like I said, I could be wrong. But if the value is substantial, a consultation with a tax attorney might be a good idea.[/QUOTE]</p><p><br /></p>
[QUOTE="Gilbert, post: 2351861, member: 73104"]I might be wrong but disposing of a collection following death is preferable to doing so beforehand, for purposes of capital gains taxes. In the former case, the cost basis would be calculated at the date of death, whereas in the later case it would be the purchase price. Like I said, I could be wrong. But if the value is substantial, a consultation with a tax attorney might be a good idea.[/QUOTE]
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