Bellmont provides a seamless and all encompassing solution for solicitors handling shares in deceased estates. Our dedicated team provides a range of services which aim to alleviate the administrative burden experienced too often by legal practices.
We take care of everything so you can focus on what you do best!
Selling shares held in an estate can be a far more complicated process than it should be. If you are looking to liquidate a shareholding without the fuss of setting up a trading account, then Bellmont offers the perfect service for your firm.
Bellmont can facilitate the sale of multiple shareholdings simultaneously and can do so regardless of whether the shareholdings are Issuer or CHESS Sponsored - no matter the size of your shareholding.
We complete all of the paperwork on your behalf and make the process quick, easy and pain-free.
Share Transfers to Beneficiaries
Remove the administration burden of completing countless forms to transfer shares to beneficiaries by outsourcing the entire process to Bellmont.
Our dedicated team will complete all necessary paperwork in order to transfer shares out of an estate without any interruptions.
We offer the ability to transfer shares to issuer sponsorship or to a beneficiary’s existing broker - making the entire process seamless and pain-free. We can also help establish accounts for testamentary trust - allowing the trustee to manage the holdings with ease.
Cost Base & Portfolio Reconstruction
Bellmont can assist an estate administrator to determine transaction history and parcel cost bases for taxation purposes.
While we’re not accountants, we do have a few ways to see holding balances and transactions to accurately map out the history of a shareholding.
By combining this information with factual, publicly available information, we are then able to determine how and when the shares were acquired and thus assist the estate’s accountant to finalise taxation matters.
More often that not, we find that estate bank accounts are closed prematurely and that dividend payments are rejected or withheld as unissued payments. Beneficiaries are entitled to these payments which can be missed or overlooked by estate administrators.
Before conducting a share sale or transfer, we conduct thorough checks of each shareholding to determine if there are any payments withheld at each respective share registry. If we find that there are unpaid dividends, Bellmont will notify the acting solicitor and complete the required forms to have any funds reissued to their trust account.