Inheriting Shares.

[ROS]

Hi

An estate is being left equally to a number of siblings upon the death of their last living parent. Kerry shares make up part of the estate. Do the actual shares get transferred to each sibling or do they have to be sold and the money shared out. Or can each sibling decide in what form to inherit them. That is the actual shares or their cash value.


If one sibling wants to buy the shares of their siblings is that possible.


Thanks

 

[Ravima]

same difference???

One can be left a number of shares or the cash equivalent.

 

[DeeKie]

The shares are divided and transferred. Is someone wants to they could renounce in favour of another.

 

[Vanilla]

Do you mean Kerry Group Plc or Kerry Co-op shares?

It will depend on the wording of the will. It may also depend on agreement, if the power isnt in the will.

If the parent is not deceased, and this is important, the will can be changed now. If the will is changed, it can reflect the parent's intentions, whatever they are.

 

[john luc]

The shares are divided and transferred. Is someone wants to they could renounce in favour of another.

You can renounce from a will but I do not think you can then favour someone else.

 

[Vanilla]

You can 'disclaim' a benefit, you can 'renounce' an executorship.

 

[ROS]

Thanks for that. The will states that all assets should be divided equally amount the children. Can the shares be transferred after the death of the parent? If any of the children want the cash value instead can another sibling just buy them out and have the shares transferred to themselves.

 

[major]

Thanks for that. The will states that all assets should be divided equally amount the children. Can the shares be transferred after the death of the parent? If any of the children want the cash value instead can another sibling just buy them out and have the shares transferred to themselves.

Yes