How can I re-register my Joint Tenants with Rights of Survivorship or Tenants by Entirety account if the joint account holder has passed away?
The following documents are required to change the registration on the joint ownership account: • Certified Copy of Death Certificate; • Completed New Account Application; If only one owner is being removed a W-9 can take the place of a New Account Application. • Clear and complete letter of instruction signed by surviving tenant(s); The letter of instruction should include the registered account name, account number, the required signatures and a description of your request. • State Inheritance Tax Waiver (if a waiver state) The tax waiver is needed if required by the state of residence for the deceased. Please note that if the account will be redeemed within 10 business days of the re-registration and the proceeds are to be sent to an address other than that shown in the new account registration, Harbor Funds requires your letter of instruction to have a Medallion Signature Guarantee stamp.
Related Questions
- I own my home and some other assets as joint tenants with rights of survivorship with my spouse. Doesn’t that eliminate the necessity for having a will?
- What is the difference between joint tenancy, tenants in common and tenants by the entirety?
- What does joint tenants with rights of survivorship mean?
