🗳️ ELECTION 2024: THE MSE LEADERS' DEBATE Got a burning question you want us to ask the party leaders ahead of the general election? Submit your suggestions via this form or post them on our dedicated Forum board where you can see and upvote other users' questions. Please note that the Forum's rules on avoiding general political discussion still apply across all boards.

Shares / estate / nominee account

Options
When executors are dealing with the estate of a deceased person, and that person held paper share certificates, I'm sure there's an option for some of the shares to be transferred to one of the beneficiaries, should they wish to take them instead of the shares being sold and them receiving the cash. If the shares are held electronically in a nominee account, is that option still available?

Also, I'm struggling to understand why anybody would want to take shares. Why wouldn't they just take the cash and then, if they want to invest in shares, buy the shares they want? Is there some advantage that I haven't thought of?

Thanks in advance for your advice.

Comments

This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 7 Election 2024: The MSE Leaders' Debate
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 236K Work, Benefits & Business
  • 609.1K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards