frayne
Thinks s/he gets paid by the post
MIL passed away about six months ago and left my wife with about 800 shares of JPM stock. We got a call today from UBS (the stock evidently went into a trust upon MIL's death and UBS is involved with distribution and resolution of the stock). From my understanding and I need to do a little more home work, what would be the best way to handle this transfer. The stock is or will be in the wife's name and Vanguard will take it but we have to open up an account in her name. I have accounts with both FIDO and Vgrd but they are soley in my name with DW as main beneficiary. UBS has offered to open up an account for abouth $250 and she could keep the shares there, and I'm sure they would chrage an annual miantenance fees. We really don't need the money and are a bit indifferent as to keeping or selling the shares. Someone told us that for UBS to sell the shares and issue a check that an account would have to be opened, stock sold and then closed again, at some expense probably a few hundred bucks. Just wondered if anyone else has ever ran into a similar situation and might have some sage advice ?
Appreciate any and all replies in advance.
Appreciate any and all replies in advance.