Legal Question in Wills and Trusts in New York
stocks in name of deceased/no will
my father inlaw passed away 11 years ago without a will. My mother inlaw has some stock that is still in his name only. What does she have to do to change the sock over to her name. Does she need a lawyer to do this? what forms a needed?
2 Answers from Attorneys
Re: stocks in name of deceased/no will
The company will advise her who their transfer agent is. She can then contact them for their transfer requirements. It is easy. If she would feel better with a lawyer have her contact me. Good luck.
No Lawyer needed
Your mother should contact the comany and get the transfer agent. She will probably need the death certificate and a signature guarantee from her bank. The transfer agent will advise of all the necessary items.
If a small estate (under $3,000 or $10,000 depending on the time he died) has to be done, Surrogates Court clerks will advise her how to do it. If there is a will or an administration estate is needed then she should contact an attorney.
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