This is educational content, not investment, tax, or legal advice. Work with an adviser or tax counsel for personalized guidance and spend extra time double-checking state-level rules in this specific case.
When I review the two dozen or so solutions for de-risking concentrated public stock positions, a handful of strategies almost never make the list: Exchange fund replication (an options strategy), Qualified Opportunity Funds (a rare post-realization strategy), and incomplete gift (ING) nongrantor trusts.
Using an ING is an asset-protection, privacy, and state-tax strategy.
Here's how it works and when it might make sense for a concentrated position.