teecee90 wrote:An update
Family tree and certificates submitted to the Bona Vancatia department and the estate has now been turned over to my wife to manage and distribute to beneficiaries as personal representative. So far, everything has been relatively straights forward with just some fairly small bank balances claimed and received.
We have now come across a couple of not so straightforward issues:
1) There is a small guaranteed annuity in payment of about £114 per month which is due to remain in payment until 2022. Apparently their is no option to convert this to a lump sum. Does this mean that the estate cannot be finalised or distributed until 2022 when the final annuity payment has been received?
2) There is a small holding of 279 shares in Lloyds Banking Group (held through Equiniti), which are worth about £80 at the current SP. Apparently there is a countersignature fee of £34.50 and an admin fee of £45.00 for getting these shares signed over. Presumably there would also be a dealing fee to sell the shares, effectively making them worthless. So....what to do about these shares?
All comments and suggestions gratefully received.
2) If they are effectively worthless anyway (and you aren't trying to find a way to get a few pounds to divide up amongst the beneficiaries) it can be worth approaching Lloyds to explain the situation (and/or Equiniti too if they won't play ball) and ask them about how to gift them to a charity. There is a Lloyds charitable foundation and they might even match the amount of the gift too.