Joint shareholder refusing to sell

Daisytrix

Moe_The_Bartender said:

Daisytrix said:

Thank you both for your replies.  They are both joint executors but my husband's role has been quite limited beyond filling in the probate papers as we are not living in the uk.  The brother took it upon himself to have them transferred into joint names saying he would sort it out later.  My husband did write to him saying about being responsible for losses and how he waa not behaving appropriately.  Didn't make any difference. 
Value of my husband share about 850 post covid.  They haven't recovered their nov 2019 price when my husband started really pushing to get them sold.

If your husband consented to allowing his brother to deal with probate, he can also withdraw that consent. I had a friend in a similar situation which was eventually resolved when her brother died. It had drifted for four years and in the meantime other beneficiaries were deprived of their inheritances and one of them had died in the meantime. It was all very messy.

That is horrible!  Not sure why people see a need to act this way.  My sister and don't get on terribly well but anything that comes in as we are working through the assets just gets sliced down the middle and distributed with accompanying copy of documentation for transparency.  It's not difficult.  Times like this are hard enough without overlaying it with chicanery and unpleasantness.

masonic

Daisytrix said:

Again, point blank refusal from the brother.  He wants to keep them and will only offer the february price when they took a nose dive.  Husband giving Equiniti a call tomorrow to see what he can do.

Only the brother knows anything about the status of the shares at this stage, but his position would be understandable if he had already sold the shares, perhaps in February, perhaps years ago. Hopefully Equiniti will be able to help clarify the situation.

comeandgo

Do you have any proof that the shares still exist and that your brother in law is not the sole owner?