Inheriting Shares.

Discussion in 'Wills, inheritances and gifts' started by ROS, Aug 7, 2018.

  1. ROS

    ROS Registered User

    Posts:
    4
    Hi

    An estate is being left equally to a number of siblings upon the death of their last living parent. Kerry shares make up part of the estate. Do the actual shares get transferred to each sibling or do they have to be sold and the money shared out. Or can each sibling decide in what form to inherit them. That is the actual shares or their cash value.


    If one sibling wants to buy the shares of their siblings is that possible.


    Thanks
     
  2. Ravima

    Ravima Frequent Poster

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    2,371
    same difference???

    One can be left a number of shares or the cash equivalent.
     
  3. DeeKie

    DeeKie Frequent Poster

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    196
    The shares are divided and transferred. Is someone wants to they could renounce in favour of another.
     
  4. Vanilla

    Vanilla Frequent Poster

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    4,102
    Do you mean Kerry Group Plc or Kerry Co-op shares?

    It will depend on the wording of the will. It may also depend on agreement, if the power isnt in the will.

    If the parent is not deceased, and this is important, the will can be changed now. If the will is changed, it can reflect the parent's intentions, whatever they are.
     
  5. john luc

    john luc Frequent Poster

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    301
    You can renounce from a will but I do not think you can then favour someone else.
     
  6. Vanilla

    Vanilla Frequent Poster

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    4,102
    You can 'disclaim' a benefit, you can 'renounce' an executorship.
     
  7. ROS

    ROS Registered User

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    4
    Thanks for that. The will states that all assets should be divided equally amount the children. Can the shares be transferred after the death of the parent? If any of the children want the cash value instead can another sibling just buy them out and have the shares transferred to themselves.
     
  8. major

    major Registered User

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    29
    Yes