Suppose your parents founded a wildly successful business in which they still own 90% of the outstanding stock, which is the source of most of their wealth. The basis in their stock is close to zero. Your parents are nearing retirement age and are considering their options. They would like to buy a condo in Vail and a winter home in Vero Beach. They also would like to have sufficient money to travel extensively each year. They want to contribute half their wealth to charity, although they have not decided which charities they want to ­support, with the remainder of their wealth being divided equally between you and your sister. You have recently graduated with your MBA and your sister is about to enter college. Prepare a plan for your parents’ consideration and carefully explain each part of the plan.