[WSBAPT] gift of stock include dividends accrued but not paid?

[Josh Grant]

Hi Again.

I am helping a PR with a probate of a will which states in part:  “I give and bequeath all stock investments which I own at my death... to nephews”...  All Rest and Residue to a different beneficiary.  About $4000 in dividends received after date of death.

  Do we assume that only the principle stock was “owned” by decedent and not send any of the dividends to the nephews, i.e. dividend isn’t “owned” until received,  OR, do we calculate and pro-rate the dividends for the period before and after the DOD and give the specific legatee (I don’t think there is such a word as a  bequeathee  even though there is such a thing as a devisee??) the prorated amount accrued up to the DOD?  And of course it is possible the market went up or down at different rates during the last quarter, but I hope we don’t have to track that to the DOD?

Other ideas.

Josh

Joshua F. Grant, PS
Attorney at Law
P. O. Box 619
Wilbur, WA 99185
tel 509 647 5578
fax 509 647 2734
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