Shares. My mother passed away and left shares.

Question

The shares are on the solicitors letter. Various companies and the prices mum bought them at. Now, which price are they sold at? the prices paid for or the recent share price?

Answer 1

They are sold at todays prices.

Answer 2

The shares are sold at present market price as listed in the papers. You'll have to pay for withholding tax and broker's fee which is a percentage of the total price.

Answer 3

You will need to complete a form to change the title of the shares from your mothers name to yours.You will then be allowed to sell the shares for the current market value which changes daily.The price you get will be the price at the time of sale which may be in six weeks time or so.

Answer 4

What do you mean??

Have the shares been sold? Who owns them now? They should be owned by the beneficiary/ies.I would assume you are one of the beneficiaries? They could have been sold by the Administrator/Executor but I would have thought they would have consulted you first. They decide when and if they are sold.

Other than that, they are given a probate valuation. This is a specially calculated price as at the date of death. That value then forms part of the total estate value, for purposes such as IHT.

If the beneficiaries sell them, they can only sell them at the prevailing price (assuming they are quoted companies). i.e the 'current' price. The difference in values could lead to a liability under CGT. If they have a large value then the shares should be registered into the beneficiaries names first, the each beneficiary would be able to use his/her CGT allowance. If you are still in doubt contact me at http://www.shareworld.co.uk (contact page)

Answer 5

Very simple. the recent price. Go ahead have a party