What happens to stock registered in two peoples names (for example, spouses) upon the death of one?
In the event of the death of one shareowner of a joint account, the stock can be transferred (without any tax implication) to the surviving owner. The only paperwork required is proof of death (death certificate) and a transfer form which can be obtained from BNY Mellon Shareowner Services. As with any estate and long-term planning however, you should consult a CPA or a tax planner to make sure this is a viable solution for you. For further information, contact UPS Investor Services at 800-877-1503.
