cash account for inheritance purpose

[Ready-4-ER-at-14]

Pretty much have converted reg ira to roth.

Now need to decide what to do with cash accounts.

I remember Berkshire Hathaway tried to minimized dividends or capital gains so you basically had appreciation that could reset cost basis for person who might inherit it.

I was looking at expensive whole life insurance as a possible way to do inheritance to heirs but gut said no there must be a better way. Tax exempt could work i suppose but feel ho hum about that.

Has anyone bought growth stock just for capital appreciation that they either didn't use of donated to a charity for tax minimalization?

I was thinking how to screen for a stock that would work and had some ideas.
low or no dividend say <1% ,
increasing retained value
increasing funds from operation
low pe
> 50k stock exchanged daily (liquid)
plus if optionable

Am open to ways to think on this or even some holdings you think could be candidates. This would be a long term holding.

In past I had focused on acquiring dividends in defered holdings so a differt set to my sails.

Ty for any ideas or comments.

 

[DrRoy]

I would not pick any single stock. A black swan event could doom any company. Pick a low dividend, high growth sector fund or ETF like technology.

 

[Sunset]

I like having BRK as a non-taxable way to grow money, until it's sold. Of course if it's inherited then it gets stepped up !

Since it's comprised of many businesses, I don't feel it's as risky as a single company.

However, an ETF like VTI would achieve a similar goal with a small taxable event each year as it throws off 1.37% dividends. Same with SPY at a 1.29% dividend

What I like about the stock holding choice vs other choices like insurance, is that the future is hard to forecast and should you need the money, it's there to use.

 

[Ready-4-ER-at-14]

Thanks these responses were the sort of things i was hoping to see.

Spy and some of the other indexes i already have so maybe I just shift more of that to the taxable accounts if the historic taxable payouts have been small.

 

[catii]

Yup, BRK is a good choice.