Selling shares

guinness1957

hi, need a bit of help please.

My partners father passed away in Feb and has quite a few shares with various companies. Can someone give us a few pointers as to how to sell them please.

She is/has “power of attorney” and now has “Grant of Probate”

Can she just contact the companies to sell the shares or does she need a broker

 Many thanks in advance

Thrugelmir

Will need to use stock broker. 

[Deleted User]

Hi,

welcome and sorry for your loss.

You could contact the registrars of each company and sell through them, though they tend to be expensive.

Are the shares in paper form/certificate or in a nominee account?

It's cheaper to sell through an execution only site such as THIS, have a read through the Q&As for more info.

Edit: Have a read of THIS.

guinness1957

Thanks for your reply Ianmanc, 

just to clarify, yes there is a will and my partner is the executor, according to the will the total of the estate is to be divided to those mentioned in the will in percentages. Everything apart from the shares are or have been dealt with. So, it’s just the shares and how to go about selling them without it costing an arm and a leg if get my meaning.

Thrugelmir

Are all the stocks listed on the London Stock Exchange? 

p00hsticks

Thrugelmir said:

Will need to use stock broker. 

If the shares are in paper certificate form, some registrars will offer a special service to sell the shares of a deceased holder - I know computershare do. My experience with them was that I initially needed to let the registrar know that the holder was deceased by providing a death certificate - they will then hang on to any dividends that would otherwise be paid out into a frozen bank account. Once we'd obtained probate we got in touch again and sent the certificate off and they sold the shares for us and deposited the proceeds and the outstanding dividend payments into th executors account.

Thrugelmir

p00hsticks said:

Thrugelmir said:

Will need to use stock broker. 

If the shares are in paper certificate form, some registrars will offer a special service to sell the shares of a deceased holder - I know computershare do. My experience with them was that I initially needed to let the registrar know that the holder was deceased by providing a death certificate - they will then hang on to any dividends that would otherwise be paid out into a frozen bank account. Once we'd obtained probate we got in touch again and sent the certificate off and they sold the shares for us and deposited the proceeds and the outstanding dividend payments into th executors account.

Registrars are rarely cheap to use. Though the most efficient way of disposing of the shares.