There are 3 main steps involved wih selling shares from a Deceased Estate
1. Executor authorisation
Before any sales can be placed, we need to establish legal authority for the executor on the Deceased Estate account.
To do this, you’ll need to post an original certified copy of the relevant estate documentation, including a Will, Probate and Death Certificate, along with a written Letter of Instruction with certified copy of executor's Identification Document advising on what action is to be taken with the account.
2. Placing the sale order
Once the authorisation has been finalised, the executor of the account will be contacted via the provided mobile number to initiate the sell down process.
If the executor is unavailable at the time of contact, a call‑back request will be arranged. Executors can also contact Bell Direct directly during market hours to place the required sale orders.
3. Funds settlement and account closure
Following the sale of the securities, proceeds will settle into the account on a T+2 (trade plus 2 business days) basis. Once settlement has been completed, the trading account will be closed, and the funds will be transferred to the estate’s nominated bank account.