I am looking for advice on transferring Lilly shares from Merrill Bank in the US to a stockbroker in Cork. I have been advised that the process of dealing with the bank on the death of my father would be a nightmare even though I hold his power of attorney. I have been advised by them, that now is the time to move all his shares to Ireland. I will only be making one or two large trades (to sell) per year, to cover some of the costs of long-term nursing home care. I have been looking at some of the fees for brokers in the city and they seem high, especially if there are only going to be a maximum of two trades per year. I have no experience in buying or selling shares but the total value that he holds is very significant, especially as the share price has increased by 50% in the past 12 months. This would mean that the broker will earn a significant fee for just holding them if there is a set percentage for the total amount being held on account.
Thanks in advance for any advice.
Thanks in advance for any advice.