A friend is 98 years old and has 700K in a mutual growth fund (that is his entire savings). Cost basis was only 10K. He wants to withdraw it and put it in cd's. He does not touch the money (ever) but wants to leave it to heirs.
The cd thing is because he will have peace of mind as he can visit the bank etc. My take is that he can avoid a big tax hit by leaving it as and giving the untouched fund to the heirs.
What do you think?