Shares problem

oceanblue_3

ejones999 wrote:

cheerfulcat

I think it is the other way round.
The father could turn round and say that the son is not capable of looking after his financial affairs and that is why they are in his name re.
In fact there is no reason why a re account should be for a child and adult it could be for 2 or more adults.
The father could also turn round and say that the shares are held for a specific reason eg a marriage gift, or a gift when child turns a certain age or even something as morose as to help father pay his funeral bill etc etc.
There is no getting round IMO that the father has total control until he says otherwise UNLESS there is a written deed as to what would happen to the shares in any given circumstance.

I think you need to write to the registrars for confirmation that the shares can vest in your son's name. As cheerfulcat intimates, usually "A/C RE:" is unequivocal. For example, married clients of mine recently re-wrote their wills, and specifically excluded a daughter from his first marriage. They were incandescent with rage when the daughter invoked her right to encash about £6,000.00 worth of Discretionary Unit Fund units bought for her back in the early 1990's.