What would happen to my Stock Trading Account after my Death?

wikum100

wikum100

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how the dependers get the money if one died? pl share your views?
thanks in advance

Last edited by Quibit on Sat Jun 04, 2011 11:50 pm; edited 1 time in total (Reason for editing : Title Changed)

Antonym

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@wikum100: The question shows that you are thinking ahead - Good!

See the section on 'Nominations' in this article. Your broker should be able to provide you with a Nomination Form.

http://forum.srilankaequity.com/t2426-investing-in-stock-market

Slstock

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wikum100 wrote:how the dependers get the money if one died? pl share your views?
thanks in advance

Yes you can do a nomination or you can do a Joint account with someone.

Antonym

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Oh, you mean if the person has already died...? Refer to this extract from Quibit's post:

Transmissions
The transmission of shares to the heirs of a deceased shareholder is done by forwarding the necessary documents such as the probate or letters of administration to the CDS through the CDS Participant and registering the same with the relevant company secretary. Stamp Duty is payable to the Department of Inland Revenue for such transmission of shares.

Best thing would be to contact a reliable stock broker (CDS participant) and ask them to help you with the paperwork...

CSE Today

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Can any 2 NON related parties transfer portfolio to each others, without going through the trading floor..?t if yes , what is the procedure...?

wikum100

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Antonym wrote:@wikum100: The question shows that you are thinking ahead - Good!

See the section on 'Nominations' in this article. Your broker should be able to provide you with a Nomination Form.

http://forum.srilankaequity.com/t2426-investing-in-stock-market

thanks antonym

glwking

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Can I buy shares in the name of my kids. I would like to invest some funds for two kids on share market. They should be able to utilize when they grow. Ideally I can invest in upcoming IPOs. You comments will be appreciated.

Thanks

Tiger

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JennyFunny

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Thor

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Thanks Antonym! I never thought about this either

Antonym

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glwking wrote:Can I buy shares in the name of my kids. I would like to invest some funds for two kids on share market. They should be able to utilize when they grow. Ideally I can invest in upcoming IPOs. You comments will be appreciated.

Thanks

If they are young kids, that may not be convenient; it would be better if the shares are in your own name - so that you have unrestricted access to buy and sell.

Instead, I would recommend that you make your spouse or kids the Nominees, by registering the nomination form with the CDS, through your broker... By doing so, it will be easier for your loved ones to obtain ownership of the shares when you move on (as we all will some day). That is what I am planning to do for my shares.

chamith

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Long term investing (Too long for CSE I guess)

Pichchiya

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As any other property rights, I feel my spouse and then childrens have a legal entitlement over my shares even without nominating .Isn't it

Fresher

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Pichchiya wrote:As any other property rights, I feel my spouse and then childrens have a legal entitlement over my shares even without nominating .Isn't it

still they have to go to courts to claim it i think if you hadn't written a will.
better consult someone who has a legal background

Slstock

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npp wrote:

Pichchiya wrote:As any other property rights, I feel my spouse and then childrens have a legal entitlement over my shares even without nominating .Isn't it

still they have to go to courts to claim it i think if you hadn't written a will.
better consult someone who has a legal background

Spouse will get 50% and children 50%. But if there is no will this has to first go through a court case before the allotment.

GJ

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dear

do not worry
you can not dead without rich man
happy trading
GJ

GJ

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dear
if you married your spouse will get
otherwise,
who is your nominee, they will get
(they must identity
who is him or her to courts )
GJ

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What would happen to my Stock Trading Account after my Death?

1 What would happen to my Stock Trading Account after my Death? Sat Jun 04, 2011 10:05 am

wikum100

2 Re: What would happen to my Stock Trading Account after my Death? Sat Jun 04, 2011 10:59 am

Antonym

3 Re: What would happen to my Stock Trading Account after my Death? Sat Jun 04, 2011 3:45 pm

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4 Re: What would happen to my Stock Trading Account after my Death? Sat Jun 04, 2011 3:54 pm

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