My Father's assets are being managed by a rep at one of the large brokerage firms. The rep suggested that we may want to pull out up to $14k per beneficiary per year (x3 = $42k) to avoid inheritance taxes. He suggested that we might do this prior to the end of 2015.

Would we incur other taxes such as cap gains? Would we incur cap gains both pre asset dispersal and post asset dispersal? If so, what is the inheritance rate versus cap gains? Trying to figure out if it is a good idea to wait from a tax perspective.