We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Selling US shares
ChilliBob
Posts: 2,441 Forumite
Hey guys,
Bit of an odd one for me this, but hoping somebody may be able chip in with some thoughts.
My uncle passed away in August 2019 and my mum is sorting his (and my Aunt's) estate. Late into the process the solicitor 'found' a fair size chunk of shares which must be US domiciled from her description.
The solicitor's claim is that it'll take 18months to get a Federal Tax Certificate, required, before they can be sold.
My Mum is keen to draw this all to a close as she is elderly herself and this is a very stressful process, to find out she needs to wait ages is really getting her down.
A friend of my uncles, holding the same shares (both worked for the same company, company shares) has suggested getting in touch with fraser and fraser in London, which I'll do.
Just wondering if anyone else on here has encountered this and can offer any advise on how I can help my mum resolve it swiftly.
Cheers!
Bit of an odd one for me this, but hoping somebody may be able chip in with some thoughts.
My uncle passed away in August 2019 and my mum is sorting his (and my Aunt's) estate. Late into the process the solicitor 'found' a fair size chunk of shares which must be US domiciled from her description.
The solicitor's claim is that it'll take 18months to get a Federal Tax Certificate, required, before they can be sold.
My Mum is keen to draw this all to a close as she is elderly herself and this is a very stressful process, to find out she needs to wait ages is really getting her down.
A friend of my uncles, holding the same shares (both worked for the same company, company shares) has suggested getting in touch with fraser and fraser in London, which I'll do.
Just wondering if anyone else on here has encountered this and can offer any advise on how I can help my mum resolve it swiftly.
Cheers!
0
Comments
-
Unfortunately obtaining probate can be a frustrating experience. I'm sure the appointed solicitor knows what they are doing and/or has access to the appropriate knowledge to handle such matters.0
-
In lots of aspects yep 100%, you are right, however, she doesn't seem to be the best and has made quite a few mistakes my Mum has had to point out!
Just seems like an inordinate amount of time to obtain a certificate!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards