How do I sell inherited stock?
August 22, 2011
From: Lynda
Date: 14 Dec 2007
I inherited stock from my father in 2001. I would like to sell them to pay some bills. How do I do this?
Answer
Date: 28 Dec 2007
Hello Lynda,
Assuming the stock is publicly traded, take the certificates to a stock brokerage firm (like Morgan Stanley, Merrill Lynch, or Salomon Smith Barney) and ask a representative for help. If the stock isn’t publicly traded, you might not be able to currently sell it, but should register your ownership with the company in case they later make a public offering or are bought out.
Good luck!
Mike Gray
For answers to new questions, subscribe to our newsletter, Michael Gray, CPA's Tax & Business Insight by filling out the form below.
Home Newsletter Archive Introducing Michael Gray, CPA Articles Tax FAQ Need Help? Other Links
Find us on Facebook
Follow me on Twitter
Connect on LinkedIn
Our Blog