Legal Question in Wills and Trusts in Michigan
stocks
mother past away found stocks with her name only. 3 siblings(their spouses, 3 grandchildren) involved. there is a trust and a will. can we use the paper work from bank(stock power form & affidavit of domicile forms) to open 3 new accounts and the stocks would be divided equally, or my brother (personal rep.) open one account, or do we have to go through probate?
1 Answer from Attorneys
Re: stocks
The terms of the Will and Trust documents should speak to this issue. If there is a trust, you likely will be unable to avoid the trustee.
(Please do not rely on this communication which does not create an attorney-client relationship and which is intended merely as a discussion of legal principles and is not to be relied upon.)
If you have further questions or concerns, or desire more specific information, please contact me at www.lawrefs.com or www.walshlawpllc.com.
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