How do I transfer shares held in joint tenancy when one of the tenants has died?
A. If the shares are to be transferred to the surviving joint tenant alone, the following should be submitted: • The stock certificate. • A certified copy of the death certificate. • Any applicable tax waivers. • Issuance instructions including name(s), address and taxpayer identification number of the new holder. • Forward the certificate(s) via registered mail, insured for 2% of the market value of the shares. If the shares are to be transferred to someone other than or in addition to the surviving joint tenant, the following are needed: • The stock certificate(s) endorsed by the surviving joint tenant(s) with signature(s) medallion guaranteed by an eligible guarantor institution. • A certified copy of the death certificate. • Inheritance tax waivers if applicable. • Issuance instructions including name(s), address and taxpayer identification number of the new holder. • Forward the certificate(s) via registered mail, insured for 2% of the market value of the shares. If both tenants a
Related Questions
- The joint holder was included for convenience by the first holder and legal heir too. How do I transfer the shares in my name as per will/probate?
- What is the difference between joint tenancy, tenants in common and tenants by the entirety?
- How do I transfer shares held in joint tenancy when one of the tenants has died?
