Shares in estate

greshoff

I am in the process of sorting out my mother in laws estate. She has paper shares (Certificates) in 3 companies. My qustion is what is the most cost effective way of selling these shares?

Many thanks

Agapanthus

It's worth assessing whether they should be sold at all. It's possible for a beneficiary to have the shares transferred to them as part of their share of the estate - which they might prefer to do if they think that the shares are a good investment.

Hargreaves Lansdown do a low cost dealing service, but whether it would work out cheaper if you only want to sell shares and they don't already hold them, I don't really know. You'd need to ask a few brokers for a quote.

greshoff

Hi,

Thanks for your reply. I have no experience of dealing with shares, The beneficiaries want these shares sold so I am trying to do this for them.

Are Equiniti a reasonable share dealing company to deal with. I understand that dealing with paper shares is more expensive than dealing with electronic shares.

Can anyone recommend other brokers I could use?

Many thanks

dzug1

http://www.share.com/a/selling-share-certificates.html have very reasonable charges. No recent experience but they were fine a few years back

Agapanthus

Equiniti are a shares registrar rather than a broker - that is, they manage the shares register for the companies that employ them to do so.

They run a share dealing service called Shareview, but it can only sell shares for the companies that they act as registrar for - there's a list on the site.

Another big registrar is Capita. They have a similar scheme called Capita Deal, which has a different list of companies.

If the companies that you wish to to sell shares in are on those lists, you can use those services - their prices are given on the websites, otherwise you'll need to find the appropriate registrar or a broker.