Advice on selling shares

If an executor with a grant of probate comes into possession of some LSE listed share certificates in the name of the decedent, what is the most economical way to liquidate them? Must he first have the stock re-registered into his own name or is there a shorter route to liquidity?

Tony

Reply to
Anthony R. Gold
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It used to be as "Executor/s of the estate of the late xxxxxxxx"

Talk to the registrars. If you don't know who they are post the name of the shares.

Daytona

Reply to
Daytona

Thanks and sorry if my original question was unclear. Doing that is not a difficulty, it is just a series of steps and delays which I was hoping could be avoided. I was asking whether there was any direct route from shares (still in decedent's name) to cash without re-registration. Will a broker or bank accept the shares for sale as they are now registered?

Tony

Reply to
Anthony R. Gold

AIUI it is not necessary to re-register them. You as executor can do anything in the name of the deceased which the deceased could have done while still alive. You may need to enclose a photocopy of the probate document with your instructions to sell, unless selling through a bank to whom you've already had to show this to get at dosh in the deceased's bank accounts.

Reply to
Ronald Raygun

Thanks for the advice.

Tony

Reply to
Anthony R. Gold

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