• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Can my shares be transferred after death?

Feb 21 2013 09:44
will


Related Articles

The real cost of death

Death and offshore investing

Investing: a reader's advice

Creating a global portfolio

Am I on the right investment track?

Investment: where do I start?

 
A Fin24 user is wondering will happen to his share portfolio after his death. He writes:

Can my share portfolio be transferred to anyone upon my death or does it have to be sold and the money put into the estate?

Angelique Visser, chairperson of the Fiduciary Institute of South Africa responds:

The share portfolio can be transferred to the beneficiary and does not have to be sold in the event of death.

If there is however no cash in the estate to cover debts and administration costs, the executor may consider selling shares to cover the costs.

There may also be capital gains tax payable when the shares are transferred, and one has to ensure that provision is made for this tax liability.

It would be best for the Fin24 user to speak to a fiduciary practitioner who can assist him with his estate plan. He can also visit www.fidsa.org.za to find a Fisa member in his area.

 - Fin24

Do you have a pressing financial question on wills and trusts? Post it on our Money Clinic section and we will get an expert to answer your query.

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.

Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner. 


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

money clinic

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...