Q: Hi Peter, I wrote a few weeks ago but haven't heard back so I will try again. Also, up to you if you decide to publish but any assistance you can offer would be appreciated.
My Father-in-law passed away in 2009 and since everything was co-owned with my mother-in-law we did not have to go through probate. Subsequently, we have now located a number of old stock certificates in his name only. We have been advised by his lawyer that we will need to register these certificates at probate in order to have the ownership transferred to my mother-in-law. Most of the certificates are nearly worthless, However, he had certificates in Young Davidson Mine which was taken over by Aurica Gold last year. He purchased 1,000 shares in 1984. Through various takeovers we believe he would now own 789 shares of Aurico Gold today so it is certainly worth the time and expense to get these shares registered in my mother-in-laws and surrender to Aurico gold. Could you tell me how I can find out what the value of 1000 shares of Young Davidson Mines would have been at the time of his death - December 26, 2009 - this is requried in order to file the probate with the courts.
Also, he had purchased 10 units in 1991 for $10,000 of Lakewood VIII Limited Patnership (National Trust Company is listed as the Registrar and it states the subscription is acepted by 170944 Canada Inc as the General Partner). Any ideas how I can find out if this is worth anything? I haven't had much luck on the internet.
Peter thanks for any help you can porvide to me so we can finalize the estate. I must say it was pretty cool finding all these old stock certificates in the basement and I am sure other boomers are also encountering this as they clean out their parent's home. Might make a good article for Money Saver - what to do with old stock certificates.
Thanks again.
maggie
My Father-in-law passed away in 2009 and since everything was co-owned with my mother-in-law we did not have to go through probate. Subsequently, we have now located a number of old stock certificates in his name only. We have been advised by his lawyer that we will need to register these certificates at probate in order to have the ownership transferred to my mother-in-law. Most of the certificates are nearly worthless, However, he had certificates in Young Davidson Mine which was taken over by Aurica Gold last year. He purchased 1,000 shares in 1984. Through various takeovers we believe he would now own 789 shares of Aurico Gold today so it is certainly worth the time and expense to get these shares registered in my mother-in-laws and surrender to Aurico gold. Could you tell me how I can find out what the value of 1000 shares of Young Davidson Mines would have been at the time of his death - December 26, 2009 - this is requried in order to file the probate with the courts.
Also, he had purchased 10 units in 1991 for $10,000 of Lakewood VIII Limited Patnership (National Trust Company is listed as the Registrar and it states the subscription is acepted by 170944 Canada Inc as the General Partner). Any ideas how I can find out if this is worth anything? I haven't had much luck on the internet.
Peter thanks for any help you can porvide to me so we can finalize the estate. I must say it was pretty cool finding all these old stock certificates in the basement and I am sure other boomers are also encountering this as they clean out their parent's home. Might make a good article for Money Saver - what to do with old stock certificates.
Thanks again.
maggie
