Data provided by McGregor BFA
All data is delayed
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
NEXT ON FIN24X

 
 
 

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

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Numsa prepares for life after Cosatu

Numsa has not only reiterated its call for President Jacob Zuma to resign but it is also preparing for life outside of Cosatu, a report states.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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