Visualize the individual who owns 100 shares of an $18 stock and TODs it to 6 heirs. Each heir inherits $300 worth of stock at a full service broker, and now they begin to discover what the broker will charge them to sell their shares or transfer them to another account or issue certificates.This seems to be the situation behind the following thread--http://boards.fool.com/spe-special-opportunities-fund-310758...I don't know any details but infer the details above.The broker has apparently offered to handle this for each of the heirs for 10% of the value, or $30. That sounds like a generous offer considering what most full service brokers charge.For the heirs who have existing accounts at discount brokers, transferring shares to the discount broker account could be best. But setting up a new account for a $300 balance could be a challenge.I think this is instructive for Estate Planners. Sometimes good intentions can be costly resulting in much reduced benefit to the heirs.Or it could be best to sell the shares in the joint partnership account and then split the cash.
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