probate question re shares

[omer]

my step dad passed away almost 5 years ago and had some money in shares. Last year my mum was in with the solicitor who said the shares were sold and she got the value for them. but my mum is getting dividend cheques in the post which I cant understand. Also when he died we only had a list of shares in Ireland and the Uk but there is letters coming in lately from America so I think she must have missed shares he had. Am i also right in thinking that the dividends coming in the post are also from shares that must have bee missed?

 

[j26]

Most likely - companies don't tend to give shares of the profits to random strangers.

Another possibility is that your father put some shares in your mothers name when he was alive.

 

[paddytt]

Almost definitely. Take them to a stockbroker (share dealing company), you'll find them in the Yellow Pages, on Google or try http://www.camocon.ie ,they've been very helpful so far with my Uncle's estate. Also seen the www.sharedata.co.uk website, they appear to specialise in overseas & probate work.

good luck

paddytt

 

[Deiseblue]

The shares from which your mother receives a dividend are obviously held in her name.
She should write to the registar , enclosing a copy of the dividend counterfoil , asking them if the shares in question are held in certificated or non certificated form ?
Ask them is it possible to provide a history of the shares , this info may be required for CGT purposes if your mother decides to sell the shares , they should also be able to give you a current valuation of the shares.

 

[csirl]

Most likely - companies don't tend to give shares of the profits to random strangers.

Another possibility is that your father put some shares in your mothers name when he was alive.

This is quite common. A lot of people who by shares ala Eircom, whereby the subscribers are limited to a certain number, often buy them in their spouses/childrens names in order to get more shares. However, in these cases, the shares legally belong to the person who's name was on the subscription.