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Stocks and Shares? Estate Sale? |
I recently purchased a whole estate and I found some old stock shares dated all the way back to 1969-1971 from Herman & Apppley inc. there are about 60 for $100.00 each... they also show the name of the company was changed to Coliseum Properties INC. in 1971... I also found printouts from Fidelity Investment for shares that total over $70,000... my question is what do I or what can I do with these if anything at all???? i purchaced this estate from the son of man that owned all this... the wife is still alive but has alztimers so she is now living with the son... he told me that his dad always said that there were enough stocks and shares hidden away that when he passed he would never have to work again... the son told me that he never found them and if i did then i could do whatever with them, he didn't want them... Well I found them so now what do I do with them??? this may sound obvious but have you tried contacting a broker, via SmithBarney or something along those lines? The shares will be registered in the name of the old man and need to have the shares transferred to you. You would be taxed on them at the value of the shares, not as a portion of the estate sale price. |
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