Does anyone have experience with transferring shares from a deceased person’s estate? At this point, five weeks have passed since the signing of the deed of distribution (done at Osuuspankki) and the distribution of other assets, but the shares still haven’t been transferred to the other bank. It’s causing quite a bit of extra work, as on paper the shares have already been transferred to new ownership, but in reality, they haven’t. During this time, several dividends have been paid out, which according to my understanding should no longer belong to the estate, yet they are being paid into the estate’s account.
I don’t have personal experience, but an acquaintance of mine was in the same situation. (And the same bank)
It took about two months for them before the shares actually appeared in their book-entry account. The date the agreement is signed determines the point in time after which, among other things, dividends belong to the beneficiaries specified in the agreement rather than the estate.
In their case, they received the dividends that had been paid into the estate, but I believe there was some sorting out to do with the tax office to get everything straightened out.
(So the transactions didn’t show up correctly for the tax authorities)
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It is also worth ensuring that the market value of the shares matches the value they had on the date of the deceased’s death. This can be very significant for tax purposes if the shares have increased in value since the deceased acquired them.
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I have had to go through that process once myself. Wishing you a lot of strength for the situation!
In my case, securities had to be transferred from Nordnet to OP. Things got stuck at Nordnet, where the matter just didn’t seem to progress at all. I contacted them numerous times myself, and OP was also in contact with them several times, but things just wouldn’t move forward on Nordnet’s end. For about half a year, or maybe even a bit longer, I had to struggle with Nordnet until things finally started moving and they got the shares transferred. It felt like there was no one handling the matter and no one could say what needed to be done to move things forward. I was left with a bit of a negative impression of Nordnet, but fortunately, everything worked out in the end, which is of course the main thing.
Transferring to another bank sounds complicated. Transferring ownership to another person within the same bank, including for foreign shares and ETFs, should be completed reasonably quickly, provided you do not become liable for foreign inheritance tax (Heritage tax). Delays can be caused if, for example, the US federal government taxes the inheritance.
In principle, for the transfer, I would open a portfolio at the bank from which the inherited shares are being transferred to your ownership.
The difficulties involved in transferring shares held by an estate or potential US estate tax can be avoided by establishing one’s own investment company, or even several. An investment company continues its independent existence even if one of its shareholders passes away. Corporate tax is also significantly lower than for individuals. There are some costs associated with the investment company’s bookkeeping and auditing (if required), but the lower taxation helps with this. You can even do the bookkeeping yourself.
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Thanks for the answers. Fortunately, in this case, it only involves Finnish stocks.
Unfortunately, opening an account at Osuuspankki is not an option, because I am not allowed to acquire shares anywhere other than my current bank (this is affected by insider registries, etc.).
I guess I’ll just have to wait, and luckily there’s no desire to sell these, so only managing the dividends will cause extra work with bank transfers and the tax authorities.
I was a bit torn between posting this in the “Coffee Room” (Kahvihuone) or here.
But, regarding Danske Bank, equity savings accounts (OST), and potentially participating in a rights issue. In this case, it’s a Swedish stock (Intrum). Does anyone have experience with whether this has worked out?
I’ve already inquired with Danske, but I’m looking for experiences from my esteemed colleagues. 
Let me know what they reply! I’m in the same situation.
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Danske’s response in a nutshell: “Holding the stock in an equity savings account does not prevent participation in the offering.”
Somehow I still assume that this isn’t going to go very smoothly… 
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Does anyone else have experience with US stock market buys and sells via OP?
I placed a sell order yesterday around this time for IREN at $6.5, with the date set to May 7th.
OP showed that the order was received.
This morning I checked, thinking the sale must have gone through since it traded well above that price in the after-hours market.
Well, it hadn’t.
Does OP not recognize pre-market and after-hours trading at all, or do orders need to be placed within Finnish business hours, or what’s the deal?
No, they don’t, see: https://www.op-mediapankki.fi/l/CjCgzKrzMTk2
For example, Nordea doesn’t support these either ( Sijoittamisen lisäpalvelut ja markkinapaikat | Nordea ) and Nordnet doesn’t offer after-hours trading, only pre-market ( Miten jälkipörssi toimii? | Nordnet )
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Is Nordea login working for you guys? It’s not working for me.
e. working again
The login doesn’t seem to be working at 1:22 PM MMMMMMMMMMMMMMMMMMMMMMMMMMMMM