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Dh and his brother inherited some shares from their Dad years ago. They are in joint names which is causing problems...

4 replies

HJwantstosleep · 28/02/2012 13:36

They are actually in the 'executer of FIL will' names( dh & brother then named)

Bil receives the dividends in a cheque and then forwards the cheque to dh who used to be able to bank them into his own account. Our bank now well 2 years agobut dh hasnt done snything about this won't accept them as its not a joint account with BIL.

BIL lives 200miles away but is out of the country a lot so setting up a joint account isn't an option.

I have just found a pile of cheques for £600 altogether which we could do with.

What can dh do with me nagging to resolve this.

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CogitoErgoSometimes · 28/02/2012 14:00

They'll have to arrange to get together and set up a joint account - preferably one that can be accessed online. Once it's set up, it doesn't matter where they live really.

HJwantstosleep · 28/02/2012 14:24

Is it possible to split shares ?

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CogitoErgoSometimes · 28/02/2012 16:59

Who holds the share certificate? According to Shareview here it is possible to transfer ownership using a Stock Transfer Form if you have the share certificate. However, I can't work out if you have to be a Shareview/Equitini customers or if anyone can do it. Plus it would need both signatures if they jointly own the shares.

HJwantstosleep · 28/02/2012 17:14

Think BIL must as I've not seen it. Plus he receives the divi cheques.
Will encourage dh to talk to him soon

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