How are shares transferred out of a decedent’s name?
To transfer the shares of a decedent, provide Continental with the following, if we are the agent for the security involved: • The certificate(s) which should be properly endorsed by the legal representative of the estate, e.g., Executor(s) or Administrator(s), etc. of the deceased owner in his or her legal capacity or a stock power so endorsed. The endorsement should be guaranteed by an eligible institution participating in an officially recognized Medallion Signature Guarantee Program. • A letter of instruction which provides the full name, address and tax identification number of each transferee and the number of shares to be transferred to each transferee. • A court-certified copy of the appointment of the decedent’s legal representative(s). These are often referred to as Letters Testamentary or Letters of Administration. The certification must be dated within sixty (60) days of the transfer request (six (6) months, if New York state.) • A Substitute W-9 certification form, complet
