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- Jun 6, 2005
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A few years ago I had a dear friend die suddenly right before Christmas. He was 10 yrs younger than I was. His wife had a devil of a time sorting out the financial ramifications and to this day thinks there are accounts that she does not know about. This prompted us to do what you did. Consolidate all the weird financial accounts and stock certificates you accumulate and never get around to closing. We consolidated all of those into our main accounts to simplify. Our kids did not enjoy our family meeting that Christmas to go over in the event of death talk.I have three utility stocks I bought many years ago and are held by shareholders services. They just keep reinvesting. I received a letter that the accounts are inactive as they haven’t heard from me in three years . this was a shock. I am moving them into my main brokerage account. At least he knows I am alive. And they will be easier for my kids to find