found shares !

[paulh7]

hello everyone
can some kind person help me
my neighbor passed away 3 weeks ago i had the keys to his home
he has no living relatives and had instructed me to clear the house when he goes
as to his word all is gone i ordered a skip all his photos paper work small items i all gone
i left the big item for the council to remove
i `ve know him for some 15 years and in all that time know one visited him
now to the shares which i know nothing about
i know i could never claim them as his name is on all of them
some dating back to the 80`s
here goes
500 shares in TSB
300 shares in Halifax
100 shares garner plc
200 shares in Lloyds

theses shares were bought at a price of 25p in the 80`s
what am i suppose to do with them
worthless of not ?
thank you

 

[Trader333]

See legal advice in my view.

 

[timsk]

Hi paulh7,
Welcome to T2W.

The first thing to do is to establish whether or not your friend wrote a will. If he did, then it's likely that the beneficiary(s) of his estate - which will include the sale of his share holdings - will be made clear. If he died intestate, i.e. without having made a will then, as Trader333 suggests, you could seek legal advice or try phoning your local Citizen's Advice Bureau. In the meantime, this link may help: Gov.uk
Tim.

 

[zaysev36]

Can't say I'd picked those shares though. Maybe 30 years ago they were more attractive.

 

[malaguti]

hello everyone
can some kind person help me
my neighbor passed away 3 weeks ago i had the keys to his home
he has no living relatives and had instructed me to clear the house when he goes
as to his word all is gone i ordered a skip all his photos paper work small items i all gone
i left the big item for the council to remove
i `ve know him for some 15 years and in all that time know one visited him
now to the shares which i know nothing about
i know i could never claim them as his name is on all of them
some dating back to the 80`s
here goes
500 shares in TSB
300 shares in Halifax
100 shares garner plc
200 shares in Lloyds

theses shares were bought at a price of 25p in the 80`s
what am i suppose to do with them
worthless of not ?
thank you

not altogether worthless
with all shares, there are different types. ordinary shares, preference shares and these have different valuations so you would need to look closely at the share certificates.
even though his name is on them, it all boils down to his will, and if there was no will who the executor of the estate is, and this could be you
however to transfer these shares (approx £1000 worth) any transfer would have to be done with a signature that you have this right. Its highly unlikely this value would pass to you, but as trader333 says, its now probate

 

[paulh7]

shares

hello all thank you for reply's
he wrote no will as he had nothing really
i bet he had long forgotten about his shares
we`ll i`m in my 70`s i don't wont to bother anyone about these shares
i don't want the hassle
i think i shall contact a solicitor and hand them over
let them sort the mess out
i just wanted to know if they were worth any thing
to think he seemed to struggle with money over the years
thank you paul

 

[dineshmt]

What kind of shares were they?