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Re: What happens when a trader dies?
Thanks guys this helps alot. I'll look into each of your e-mails.
This looks very ugly, and possibly costly for the beneficiary. Accountants and lawyers could make up stories and charge the hell out of the estate for these procedures? I have been noticing in a will book that the beneficiaries can sue the lawyers if the fees are outrageous, BUT, with nothing to compare to, and the beneficiary I want has almost no business sense..they could be left with substantially less.
The worst is, what if we were in a overnight futures position and then we died, and it was creeping up to expiration...the broker would liquidate it automatically? I think this is something specific to the broker, I need to look into this.
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