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Threadneedle

trolley_dolley_2
Posts: 1 Newbie
My father recently passed away in june leaving £5000.00 in the above investment. We informed the above company of the death and passed on an interim death certificate due to an impending inquest. On receipt of the death certificate we received a new valuation of £3990.00; can this company use a dead persons money on the stock exchange?
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Comments
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Values change everyday.... but it is suprising it changed 25% in a week or 2. But yes, if its an investment it can go down. If you had the death certificate handed to them when they told you it was of value £5000. You would have got £5000.
The time from valuation and receiving money the value could have gone up or down.0 -
You can check the depreciation of this fund, assuming it is one of those listed at http://www.h-l.co.uk/funds/Fund-prices?func=search&formid=1001&company=152§or=&investment=By+investment+name&x=16&y=10
just click on the curve symbol for the appropriate fund and you will be able to get a good indication of the change in value given the dates of the two valuations0 -
The executor of the estate can either request the assets to be taken out of the market and converted to cash or left and transferred to a beneficiary. If the executor does not instruct the provider then it will remain invested.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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