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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

Stock markets, inheritance, i don't understand

258 replies

Vlinty · 05/04/2025 10:55

My mother died in 2024 and father this March. Years before they had made me power of attorney (because my husband works in finance he is a lawyer, so could help me. I am clueless and they knew this.)

After mum died, my DH took over, because my dad had dementia.

He changed a lot of their funds over to higher risk , their financial advisor told me they had always wanted low risk.

We sold the house and dh got me to invest with another fund manager. Take the money out of ns&I as well.

So some money with new advisor, some with old advisor but all higher risk than my parents had it

Now this morning he has told me that everything is down 25%.... obviously because the markets have plummeted following trump's tariffs.

I am so distraught, I have 2 siblings who will want their share of the money. I'm really angry with dh and he now won't talk to mr because I'm panicking and he won't help me - just says I won't listen. When it is him who will not answer a straight question.

Please help me calm down.

OP posts:
caringcarer · 07/04/2025 14:05

JHound · 07/04/2025 11:28

You can transfer share ownership. You don’t need to sell them to do that.

Show quote history

But what if they don't want the shares in high risk shares? I still think.OP has overstepped unless she got agreement from siblings.

Negroany · 07/04/2025 18:35

Vlinty · 07/04/2025 10:52

Is this true?

Show quote history

No

ErrolTheDragon · 07/04/2025 18:56

Doolallies · 07/04/2025 11:30

You haven’t lost anything unless you sell at a loss.

wait until it picks up again

They may have to sell if there’s an inheritance tax bill unless they can pay that from other funds. And as I understand it, that bill is calculated based on prices at close of trading on the day of death. The same sort of problem can happen with property too of course.

Original poster
Vlinty · 07/04/2025 22:15

I'm going to read all responses when I get home as I'm only on phone at moment and I hate using it.
I have borderline personality disorder (the 'quiet' kind) and i tend to think my first reaction to something is the truth.
So I can need help calming down, thanks to those who got it.

OP posts:
LeopardPants · 07/04/2025 22:20

user746016 · 05/04/2025 14:29

We are in a similar position. We have about £400k waiting to be distributed. Asked the fund manager to cash it in three weeks ago. They failed to do so (said we needed to provide another copy of the executors signature for some reason). It’s now down massively.

We will probably try to transfer the stock so that it can just wait out. But that could take years.

Make sure the fund manager hasn’t messed up here - if they should have traded and didn’t, you might be able to get compensation out of them.

EmeraldRoulette · 07/04/2025 22:29

ErrolTheDragon · 07/04/2025 18:56

They may have to sell if there’s an inheritance tax bill unless they can pay that from other funds. And as I understand it, that bill is calculated based on prices at close of trading on the day of death. The same sort of problem can happen with property too of course.

Show quote history

Oh i thought the issue here was that the price would be calculated on the day of probate?

@Vlinty if I've understood it correctly, only cash what you have to and take the rest as investments that you cash in later on.

ErrolTheDragon · 07/04/2025 22:49

EmeraldRoulette · 07/04/2025 22:29

Oh i thought the issue here was that the price would be calculated on the day of probate?

@Vlinty if I've understood it correctly, only cash what you have to and take the rest as investments that you cash in later on.

Show quote history

https://www.gov.uk/guidance/valuing-stocks-and-shares-for-inheritance-tax

Valuing stocks and shares for Inheritance Tax

Find out how to value stocks and shares of someone who has died. How you value them depends on whether they are 'listed' or 'unlisted'.

https://www.gov.uk/guidance/valuing-stocks-and-shares-for-inheritance-tax

Negroany · 08/04/2025 02:34

It's calculated on the date of death for inheritance tax. But that doesn't mean that when you sell you get that price. You get the price the market is at on the date you sell. Noone is putting your money aside ready to pay to you when you get probate and can sell.

Houses are different, they are valued for inheritance tax, but if they sell for less you can get a rebate (and pay more if they sell for more, otherwise everyone would down value them). But stocks have a set trading price, houses do not.

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