How Do You Determine A Stock Value For Probate?
When a loved one dies without a viable trust, his entire estate will go into probate; this is true even if there is a Last Will and Testament. The purpose of probate court is to account for all assets and distribute them according to a will if there is one or according to state and federal laws if the party died “intestate” or without a will. Stock value must be determined to determine the size of the estate at the time of death. Gather information including the name, address, date of birth and Social Security number of the deceased. Also compile a list of all brokerage firms and stock certificates owned by the deceased. Make sure you have an original death certificate. Make copies of trust and will documents that show you as the named executor or beneficiary. If the deceased died intestate, you will need to obtain a probate court order naming you as the executor. Contact the brokerage firm or company where the stock is held. Explain that you are the executor or beneficiary of stock. P
