Key insights
- The post discusses a situation where a decedent held shares of a delisted REIT, National Healthcare Properties, through both Computershare and Schwab. The key issue is determining which beneficiary designation takes precedence for these shares, as Computershare lacks a beneficiary designation while Schwab has one. The inability to sell the shares and the lack of dividends are bearish for the estate's value, but the overall impact on the broader US market is minimal.
Reviewing a decedent's documents, who has Computershare statements reflecting shares of National Healthcare Properties REIT. They also appear on Schwab's statements as "other investments".
I don't really know what Computershare truly is, or what the affiliation with this and Schwab is. But long story short - there's $25K market value of these shares - which can't be sold, and collect no dividends.
I guess first question is - who do they belong to? The beneficiaries listed at Computershare, or the beneficiaries listed at Schwab? Computershare has no beneficiaries, Schwab has a couple.