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  • FIRST POST
    • dalip
    • By dalip 17th May 19, 11:01 AM
    • 6,977Posts
    • 8,620Thanks
    dalip
    Shares
    • #1
    • 17th May 19, 11:01 AM
    Shares 17th May 19 at 11:01 AM
    My father in law died recently and left some shares and no will. We need to apply for a letter of administration in order to get the shares transferred to us to then sell. He left no money only debt and before we go through this lengthy process we would like to know if the shares are actually worth anything. The letter back from the company requesting a LOA states there are 195 ordinary 25p shares and a further 30 ordinary 25p shares held with Morgan Advanced Materials PLC. Thanks for any help with this
    Free impartial debt advice available from: National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | Find your local Citizens Advice Bureau
    Laugh at yourself and others laugh with you.Laugh at others and you laugh alone. BSC No 107
Page 1
    • Yellow_mango
    • By Yellow_mango 17th May 19, 11:04 AM
    • 119 Posts
    • 133 Thanks
    Yellow_mango
    • #2
    • 17th May 19, 11:04 AM
    • #2
    • 17th May 19, 11:04 AM
    Google suggests that these shares are currently trading at around 2.63 per share. So 225 shares would be worth just under 600.
    • Keep pedalling
    • By Keep pedalling 17th May 19, 11:20 AM
    • 6,400 Posts
    • 7,412 Thanks
    Keep pedalling
    • #3
    • 17th May 19, 11:20 AM
    • #3
    • 17th May 19, 11:20 AM
    Personally I would not apply for LoA on an insolvent estate. If you are not careful you could end up being responsible for the estate debts.

    Simply write to the creditors informing them of the death, telling them the estate is insolvent and neither you are anyone else is administering it.
    • dalip
    • By dalip 17th May 19, 11:36 AM
    • 6,977 Posts
    • 8,620 Thanks
    dalip
    • #4
    • 17th May 19, 11:36 AM
    • #4
    • 17th May 19, 11:36 AM
    KP thanks we have already notified everybody that he died insolvent and have had a couple of his debts written off already. If we apply for LOA does that then make us liable for his debt?? So far I have had letters from Rent, tax and Barclays saying we are not liable for any debts left when he died.
    Free impartial debt advice available from: National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | Find your local Citizens Advice Bureau
    Laugh at yourself and others laugh with you.Laugh at others and you laugh alone. BSC No 107
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