Deceased Owner (Multiple Ownership)
Deceased Owner (Multiple
Ownership):
If the shares are registered in Joint Tenancy
- The original stock certificate(s) and/or affidavits of loss.
- The signature(s) of the Surviving Tenant(s) on the reverse side of each
certificate or on the stock power. The
signature(s) must be Guaranteed by a financial institution participating in the
Medallion Stamp Program.
- If the shares are to be registered in the Surviving Tenant's name alone, as
it currently appears on the face of the certificate, a Medallion Signature Guarantee is not
required. A Medallion Signature Guarantee is required if you are adding another
Tenant to the new registration.
- Official Certificate of Death (under seal)
- A letter of instruction indicating the name, complete address, (including
zip code) and Social Security or Tax Identification Number of the new
registration. Execute the Substitute Form W-9, on the stock power,
certifying the Social Security or Tax Identification Number of the new
registration.
- An “Affidavit of Domicile” form for the second decedent, which must be completed, signed and notarized.
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To determine if an Inheritance Tax Waiver is required in your case, we suggest contacting the appropriate Tax/Revenue Department of the decedent’s legal domicile. You may also obtain this information by visiting the Securities Transfer Association’s website www.stai.org to view Appendix VI of their guidelines to determine if an Inheritance Tax Waiver is required.
Note: If the new registration includes several owners, please identify
the preferred form of ownership, (i.e. Joint Tenants, Tenants in Common) If the
account also contains Dividend Reinvestment Plan shares, please indicate how
they are to be re-registered If both Joint Tenants or Tenants by the Entireties
are deceased, please provide the Certified copy of the Death Certificate for the
first decedent and then follow the instructions for "Deceased Owner, Single
Ownership" for the second decedent.
If the shares are registered as Tenants in Common
Follow the transfer instructions mentioned above. However, the signatures
must be for the Executor or Administrator and the Surviving Tenant(s). Also, a
Certified Copy of the Certificate Of Appointment of Executor or Administrator
dated within 60 days of the transfer (if the Court Appointment was issued in the
State of New York it may be dated within 6 months of the transfer) If both
Tenants in Common are Deceased, please follow the instructions for "Deceased
Owner, Single Ownership" for each decedent.
Mailing Address:
Operations Center
6201 15th Avenue
Brooklyn, NY 11219
Attn: Transfer Department
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