A UK-resident relative has died and left their estate to be divided between a few people. The executors are still drawing up a list of assets to file for probate, and they include some stock. I've been asked whether I would like to receive part of my share of the estate in stock.
One relevant issue here is that I live in a Eurozone country with a wealth tax, and for that tax to be assessed I would need to file a declaration for each of several categories (bank accounts; shares; bonds; real estate; etc.) if my holdings abroad in that category are above a threshold. I have a reasonable idea of how much hassle that would involve.
What I'm not sure is how much hassle it would be if I say that yes, I would like to receive part of my share in stock. I presume that I would have to open an account with a broker, but I don't know how easy that would be from outside the UK. Am I right to suspect that it would require either visiting a branch in person or dealing with notarisation of identity documents etc.?
PS To pre-empt a certain class of well-intentioned advice which isn't really what I'm asking, I am aware that transferring money to my country of residence is an option and that the exchange rate is pretty favourable right now compared to most of the past seven years. I haven't ruled that option out.
visiting a branch in personmight not be required. But the documents part yes, I would believe. Try opening an account on Interactive Investor. Theirs is an online process, so you will come to know what all is required.