[WSBAPT] what to do with worthless securities

[Kate Szurek]

In estates where decedent held what appear to be worthless securities (no apparent market or value), is there a best practice recommendation in terms of disposition?  We have an estate where the decedent owned a lot of old mining stocks for companies that no longer exist.  The residual beneficiaries for the estate are all tax-exempt organizations. We want what is best for the beneficiaries, and to make sure we are protecting our PR.

Does it make sense to seek a court order, perhaps at the time of closing the estate?

Thanks in advance?

Kate

[SkagitLaw_Signature (2)]
Kate Szurek, J.D., LL.M.
kate at skagitlaw.com<mailto:kate at skagitlaw.com>

Skagit Law Group, PLLC
P.O. Box 336 / 227 Freeway Drive, Suite B
Mount Vernon, WA  98273
360.336.1000
360.336.6690 (fax)
http://www.skagitlaw.com<http://www.skagitlaw.com/>

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