Telstra shares question

[Rancid_Beasties]

Just a quick question regarding telstra shares. My girlfriend has some that were purchased in one of the first share offers.

They are held in her father's name as trustee for her as follows: John Smith <John Smith as trustee for Jane Smith>

How would she go about selling them? Would her father as trustee have to sell them? Would the best way of going about this be for my girlfriend's father to set up a commsec account with the free brokerage offer in his name, sell them and then for him to transfer the proceeds to her account? Will my girlfriend be required to produce any documents because she is the beneficiary?

I've followed the share market for a long time and played in the ASX share games for the last few years and used various simulator programs, but never bought or sold shares so I'm not sure.

 

[DidakDelight]

To sell them she and all of the other beneficiaries of the trust will need to sign a beneficiary consent.
Most likely the entity that will hold the shares would be John smith as trustee for the Smith Family trust.

Chances are they are not solely in her name and the rest of her family may not consent to transferring all of them into her name.

Simple thing to do would be for your GF to talk to her father about doing this