death and shares

Biggles

This may seem too obvious to mention (but I will), but clearly at night and weekends medical staff will be instructed to keep the resus equipment going full blast until after the market has opened at 8am.

property.advert

No-one would use spread betting for such a length of time as it is uneconomic as is using CFDs past a few months due to funding costs. If they were in one company or concentrated in one index, you could potentially use options and / or futures but those costs may be more than you are prepared to pay.

thenudeone

Biggles wrote: »

As per noh's post above, the event of the death is what means the shares can't be sold.

You need a buzzer by the bedside, so you can, with a single press, send an instruction to your broker just before you cough your last.

Purely hypothetically / theoretically:
How about giving someone you trust a signed but undated letter instructing your broker to sell the shares immediately and transfer the funds to wherever you wanted; and asking them to post it immediately if you die.

Since the brokers are acting on an instruction that was given before death, would those shares be dealt with as a disposal just before death, for tax and probate purposes?

ericonabike

I've often mused about the financial implications of being on a life support system. No-one ever seems to have looked at the financial implications. For example, I'm literally worth far more dead than alive due to various insurance policies etc. And so Mrs Ericonabike has suggested [I hope jokingly] that if I so much as fall asleep in hospital she'll be asking the staff for a consent form. But she had not considered the value of my shares...I can now envisage being hooked up to a Footsie index, as well as a life support machine, withthe latter being dependent on the former...