shares after death

AnAnonUser

tanmann said:

1. so to recap when the person passes away that day is the value of the shares you will get from the share company and thats also the taxmans benchmark, if they pass at the weekend i assume its the monday figures.

2. With that is it the same if they had shares over in america too ?

3. Oh if i have a total of say 100 paper shares, their values go from one to five to ten etc and i find a recent statement for the same company but for say 90 shares, why could this be ??

 

4. lastly is there a one stop place where you can enter in someones details and find out exactly how many shares they have ?

I've numbered your questions above.

1. No, value end of Friday. (because on Monday morning they coudl open up or down from were they were Friday)

2. Makes no difference, still end Friday, and use the £/$ exchange rate from Friday as well.

Note,  are they actually *in* America or are they American shares held in a UK broker?

3. Maybe they sold some? You'd have to call the registrar for that companies shares and try and sort it out.

4. No.