What happens when a deceased persons estate is small enough to permit transfer to the heirs without the need for probate?
A. Along with the stock certificate, a certified copy of the death certificate is required, as well as a Small Estate Affidavit prepared in accordance with state provisions (of the state of residence of the decedent). Endorsement on the back of the stock certificate or a stock power executed by the affiant (the person signing the affidavit) is required if shares are being transferred to someone other than the affiant or in addition to that person. A tax waiver may be required. Provide issuance instructions including name(s), address and taxpayer identification number of the new holder. Forward the certificate(s) via registered mail, insured for 2% of the market value of the shares.
Related Questions
- I am the personal representative of a deceased person, and I am required to transfer his property to his heirs as part of probate. Can I use a quitclaim deed to make this sort of land transfer?
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- What happens when a deceased persons estate is small enough to permit transfer to the heirs without the need for probate?
