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Can shares be disowned / ignored?
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It would certainly be worth keeping detailed records of the shares in question just in case they become popular or the company concerned gets bought out and their value shoots up.
Unlikely to happen but you never know.0 -
It makes no sense to pay £295 for shares worth £100.
While the shares could be worth something one day .... the beneficiaries could simply buy £295 of shares themselves using the cash you have saved and it would be worth £295 !!!!
I would ask the beneficiaries what they want you to do. If they confirm that are happy for you to leave the shares alone, that should be the end of it. I don't think anyone could criticise you for performing your role as trustee badly for taking a perfectly logical decision not to pay £295 of estate cash to get a £100 asset.
If you do nothing, I imagine the shares would simply remain registered in the name of the deceased.
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