Medallion Stamp
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WoowooG
Posts: 1 Newbie
Hi,
We are in the process of transferring USA shares , in my deceased mothers name, into our names.
Does anyone know of a company/bank in the UK where we can obtain the necessary Medallion stamp guarantee in order to do this??
Regards x
We are in the process of transferring USA shares , in my deceased mothers name, into our names.
Does anyone know of a company/bank in the UK where we can obtain the necessary Medallion stamp guarantee in order to do this??
Regards x
0
Comments
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Hi,
We are in the process of transferring USA shares , in my deceased mothers name, into our names.
Does anyone know of a company/bank in the UK where we can obtain the necessary Medallion stamp guarantee in order to do this??
Regards x
There have been one or two threads in this before, do a forum search and they will hopefully pop up.0 -
A quick Google will find you companies that will do this, but holding individual foreign shares can be a right pain, personally I would sell rather than transfer and stick the proceeds into a UK based fund instead.0
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I wouldnt be surprised that in order to sell you needed the stamp.0
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AnotherJoe wrote: »I wouldnt be surprised that in order to sell you needed the stamp.
True, but selling does not have the ongoing issues like getting dividends paid in the form of $ checks (sic) or the risks associated with holding shares in a few single companies, and exchange rate fluctuations.0
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