re: Capital Gains at Death

+1

quote:

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whenever the heirs sell, they will pay capital gains on the assets sold just as if the deceased person was still alive and had sold those assets.

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I guess it makes sense this way, it just makes some assets inherited almost unsellable.

My grandfather had 200 shares of XOM when he retired in 1968- my mother inherited 1600 shares (6400 total shares divided by 4 kids)in 2005 when he died. So if she sold her stock now, she'd pay 15% on 1550 shares, then 15% on the difference between what he paid and what the stock is worth now on the remaining 50 shares? Is that right?