re: 1st 90 Days Retired - portfolio allocation question

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But given the combo of our current $30 million Estate Tax exemption, and step-up in basis, the wealth transfer would have to be pushing $40M to even warrant the calculation, wouldn't it?

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Stepped up basis doesn't help heirs with tax deferred retirement assets. Those still get taxed as income (entire balance not just growth) and dont get stepped up basis. Those accounts have to be distributed and taxed entirely within 10 yrs for most heirs ( unless "eligible designated beneficiaries" (spouses, minors, disabled/ill, or <10 years younger) That could be a huge tax burden for a working adult in their peak earning years already in a higher bracket.
I dont want to leave a multi million $ traditional IRA balance to my kids just to see it potentially taxed at 32%+ when I could have converted at 22-24%.

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I thought tax deferred wealth transfer triggered 10-year installment.

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For an IRA? Yes that's right.

I was addressing general holdings, i.e., property, and other portfolios. The bulk of American inheritance (~70-80%) is passed through real estate and taxable investments that enjoy more favorable wealth transfer tax treatment.