When managing the estate of a deceased individual, particularly if assets are held in different regions, you may encounter the need to reseal a Grant of Probate. Whether you are a solicitor, financial advisor, or accountant managing an estate with cross-border elements, understanding when and why a reseal is required can ensure that assets are handled efficiently and within legal …
Navigating Overseas Probate: effectively managing the pitfalls
Working through overseas probate is never easy nor straightforward due to differing laws and regulations between countries. As a result, unforeseen challenges frequently occur when working on overseas probate cases, making the process strenuous and time-consuming. Probate and International Investments It is not uncommon for individuals to have assets abroad or hold international investments. For example, we estimated 3.5% …
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 …
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 …
Share Certificates Missing – What to do?
Do you have holdings that you would like to sell or transfer but the share certificate is missing? If you have lost one or several share certificates, don’t panic. You can still sell or transfer your shares providing you obtain a letter of indemnity. Letters of indemnity are issued to minimize potential financial loss caused by misuse of the original certificate. …
Did You Know You Could Donate Shares to Charity?
Sometimes the cost of selling shares may outweigh their value. If this applies to shares held either in your name or in a deceased’s estate and you are the executor, you may prefer to gift these shares to charity. Even if you have just one share, we can help you with the process. How it works? Any donated shares are collected, …
Recovering Dividends in Australia
Recovering Dividends in Australia When an estate has been inactive for some time, uncollected dividends must be paid to the Australian Securities & Investment Commission. Prior to 1991, uncollected monies were dealt with at the State Level instead of the central Commission. So if you have to claim back dividends due before 1991, you have to trace the uncollected funds …
Selling Shares in Hong Kong
Looking to selling shares in Hong Kong? Because of anti-money laundering regulations, it is becoming more difficult once the shares have been transferred into the name of the Executors, to sell them in Hong Kong. We have therefore arranged for our regular UK stockbrokers to sell any Hong Kong shares on behalf of clients, and hope this new arrangement will …
Power of Attorney
Power of Attorney Case in Hong Kong Recently, we had a case where an Executor was acting under a standard general UK Power of Attorney and the Hong Kong Probate Registry took the view that it was ineffective to cover the reseal and transfer of the shares in Hong Kong. A new Power of Attorney had to be executed. In …
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