Should you have faced the scenario of finding evidence of an asset which is not located in your legal jurisdiction in the administration of an estate, you will know that there can often be complications involved in dealing with that asset. Even those who have met this before are often tempted to ‘park’ the offshore asset whilst dealing with more …
Lost Share Certificates – Countersignatures.
Have you lost a share certificate? If the paper share certificate is lost, then usually the share registrars (being frequently Computershare or Wells Fargo for USA shares) will ask for an Indemnity Bond which usually costs about 3% of the current value of the shareholding. In the case of U.K. shareholdings, a countersignature will be asked for and again this …
Business Case – Dealing with a Deceased’s Estate
May 2016 We recently received a request from the Solicitors dealing with a deceased’s estate. They were presented with a bundle of paperwork involving shares, funds and bank accounts held by the deceased. It seems that the late Mr X did not like to throw anything away!!! Among the paperwork there were share certificates for companies that no longer existed, funds that …
Assorted Companies
Hewlett Packard share split in November 2015 divided into Hewlett Packard Inc and Hewlett Packard Enterprise Inc and shareholders received an equal number of shares in Hewlett Packard Enterprise Inc. Verizon / Vodafone – the closure of the Verizon Nominee Account at Computershare, Bristol has caused all former Verizon shareholders to have their shares moved to Computershare …
How to deal with ARRIS shares following the Pace Plc Takeover
How to transfer new ARRIS shares into a DTC Following the takeover of Pace Plc by ARRIS International early this year, the resulting new shares either have to be held in certificated form (which is not recommended) or the new ARRIS shares must be transferred to a DTC account. Not all stockbroking firms have the DTC facilities, and as …
Selling US Shares
Selling US Shares can be tricky In order to sell any US shares owned by a deceased, the executors of the Will first have to have the shares transferred into their name or the name of the beneficiaries and have received the new share certificate or Direct Registration Statement. It is not like in the UK where you just register …
Looking for an Alternative to NETPROBATE?
Did you know that netprobate.com has ceased their NETPROBATE – share valuation service? If you relied on their services and are now looking for an alternative, Share Data can help. Share Data specialises in securities valuations, transfers and sales. Our dedicated team has been producing high-quality valuations since 1995, and throughout the years we have helped hundreds of law firms, …
Covidien / Mallinckrodt / Medtronic
Medtronic Inc. and Covidien plc are now combined under Medtronic plc. The Tyco Group story gets more full of twists and turns, as on the 28th June 2013 Mallinckrodt was spun out of Covidien Plc, and 1 share was issued in Mallinckrodt for each 8 shares in Covidien held by shareholders of Covidien on the 19th June 2013. Covidien has …
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