Selling shares as executor

A question about : Selling shares as executor

There may be better places for this, but I'll give this a try.

Two executors and several bundles of shares, my co-executor has sent the Grant of Probate off to each of the holders, and has been sent piles of forms back which we both seem to need to sign, and returning the original share certificates.

So is the process that we transfer the shares and then sell, rather than being able to sell as executors without transferring?

And does that not involve us in two lots of commission?

Best answers:

• From memory (and it's a long time) there is no commission transferring the shares
  The beneficiaries could take on the shares rather than selling them if that is an option
• OH recently sold his Nan's BT shares. We didn't transfer them just sold them. They took their commission and sent him a cheque for the rest.
  Relatively straightforward don't recall any problems.
  The company he dealt with was Equini.
• We sold quite easily by sending the brokers the probate information. They simply sold, took their commission, a closure of account fee and then transferred the cash. But they were all in a brokers account in one place.
  I suspect you'll find they are simply sold and you get the cash but best to ask them direct.
  Be aware that you may have a CGT liability if their value has risen since date of death but there is an executors allowance.
• Thanks everyone
  Quote:
• Does anyone want them, I took over all my parent holdings into my nominee accounts at no cost.
  a non beneficiary could pay for them at market value into the estate if someone you know wanted them to save the costs.
• Be conscious that there is a difference between shares being held in a brokers nominee account on behalf of the deceased (likely to be straightforward) and the shares being held on certificate (have to deal with the registrar to transfer, they're all different in their practices, some of them are hopeless). My Dad has a number of holdings on certificates with Equiniti as registrar - and I am distinctly unimpressed with them. (Fail to send things they allude to as 'enclosed' in letters, offer to 'value the shares to make life easier for you' - at Ј18 per holding, have a Bereavement Helpline, which costs 8ppm [find the 0207 number for 'international investors]).
  CGT isn't impossible, even in a short timeframe - my Dad's holdings have put on about 12% since he passed just over two months ago...