I am looking for a way to transfer a stock that has done well into a safer investment (like an index fund). I assume the only way I can do this is sell the stock, pay the tax owing, and buy new stock.
I do remember reading something about you can transfer the ownership of the stock (e.g. into a Children's Trust) but not sure if that is realistic.
I know the 1031 Exchange is a real estate tax benefit to encourage reinvestment in property and I just wondered if there is anything similar for securities.