I am a long time lurker first time poster. I have really enjoyed reading the forum over the years and have learned a lot. I have never felt the need to post I just liked to read through the banter back and forth until now. I have been appointed executor of an estate. There are 9 stocks with a combination of paper certificates and book entry shares due to numerous stock splits. The book shares are held at the transfer agent and not at a traditional brokerage account. In order to transfer the shares to an account I can control as executor I need to mail the shares to the transfer agent so they can become book shares and be easily transferred. The shares are very valuable. One of the transfer agents said to insure up to 5% of the shares when you mail them. There is no way anybody would even insure 5% of the share value. My question is this-would working with a stock broker/CFP etc. allow me to bypass mailing in the certificates into the transfer agent and ease the transfer of these shares. I do not work with a broker but have a brokerage account at Vanguard. What astounds me is the deceased was a stock broker and he never took care of this why he was alive. I don’t want to work with his own firm for reasons I don’t want to get into. I have the stock transfer forms filled out and I have scheduled the medallion signature guarantee for the transfer but I want to see if there are other ideas out there.
Statistics: Posted by Wanderer16 — Sun Oct 13, 2024 8:06 pm — Replies 6 — Views 197