What is a Testamentary Disposition?
A Testamentary Disposition (TD) is a stock will. This TD ensures that the transfer of your shares will be made according to YOUR wishes upon your death. It is located on the back of the stock certificate. All you need do is list the name(s) of the person(s) you want to receive your shares, put their address and the number of shares you want each person to receive. This number must equal your total number of shares. Then you MUST take the form and sign it in the PRESENCE of a NOTARY PUBLIC for it to be legal. Many shareholders return the stock back to the corporation and we place it in your shareholder file for safekeeping, or they let a family member know its location. ALL STOCK CERTIFICATES ARE PROPERTY OF THE CORPORATION AND MUST BE RETURNED UPON OUR DEATH.
