Inheriting shares query

[condor]

My Father died last year with me receiving 40% of his estate, the remainder going to my brother and his adult children. I've said I would take his shares as part of my entitlement, as the others didn't want them. I have the paper share certificates which the executor ( solicitor) now wants so they can be transferred into my name. Three separate companies and modest amounts involved. I thought that shares were held electronically now, so am I likely to receive replacement paper certificates or will I be given an account with them in? If the latter, is it best I open an account for them to be put in first, like a stocks and shares ISA or wait and have it done for me and then transfer them?
Hope someone can help

[condor]

Thanks for the reply
I don't have a share dealing account at the moment. I'm not planning on selling these in the short term, and am likely to add different shares once I've received these.

[JulianPH]

Long time no speak and I am very sorry to hear about your Dad.

Just give me a shout if I can be of any help. Paper share certificates can be a PITA sometime, but it does save on platform fees.

I could get one of my guys to look into the best options for you with paper vs online.

[condor]

Thanks Julian - I was one of the lucky recipients of your £100 prize for knowing the reason behind your PH code
The solicitor/executor of my father's estate has said it won't be till August for the funds to be distributed so the shares aren't coming my way yet. It is only a small amount.

[JulianPH]

condor said:

Thanks Julian - I was one of the lucky recipients of your £100 prize for knowing the reason behind your PH code
The solicitor/executor of my father's estate has said it won't be till August for the funds to be distributed so the shares aren't coming my way yet. It is only a small amount.

I remember!

If you need any assistance just give me a shout. I am always happy to help other PHers at no cost.

Take care

Julian

[Mr Pointy]

There are several institutions which will allow you to hold shares electronically without charge - even Hargreaves Lansdown will. If you are only trading infrequently they might be worth looking at although they charge £12 a trade but with no other charges. Others you can look at might be Halifax & iWeb.

https://www.iweb-sharedealing.co.uk/share-dealing-...
https://www.halifax.co.uk/investing/

Note that dealing with paper certificates can be a real pain & they are extremely expensive to replace - it could easly run into thousands to do so, depending on what they are worth. When I posted mine off I had to split them into several lots as the cost of new certificates exceeded the maximum RM Special Delivery insurance value.

I don't know what your solicitor is charging to do the transfer but generally it's something that you can do yourself fairly easily. The registrars who look after the share scheme administration are the first point of contact.

[condor]

Thanks Julian

And Mr Pointy, the solicitor chosen as executor of my Father's will is the one that is calling all the shots - so I have no choice in the matter, just accept what I'm given. Though it is useful to know if I can tweak things to my advantage