Think my mom is going to get ripped off

I need to find out what happens to stock if someone dies and does not have a beneficiary named. I have a laywer telling my mother that her father’s stock just stays where it is. I dont see how this is possible when its an asset. 

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Alasdair Taylor's Answer

Assuming you are referring to shares here, rather than physical stock, and assuming that English law applies, see:

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