Let me explain the situation
My grandmother passed away this past July. She was on home hospice and we we're working on getting this situated with the social worker; planning on doing the Transfer-On-Death form(s). We couldn't get it done before it was too late. I registered a computershare account with all her details a week or two before she passed. I've printed out a transfer request form and filled it out as much as I am able to. I haven't sent it yet.
In progress:
When I send the transfer request form I'm going to include: A Medallion Guarantee Stamp(If even possible, haven't gotten this yet, have to go to the bank; What do I need?), Death Certificate(not a copy), 2 copies of identification(Mine and my mothers), An Affidavit of Domicile form(Filled out with RocketLawyer; Do I need this notarized? What do I need to get this notarized? Is this document official without a court process?), A confirmation of approximant value of stocks; about 4,500$ AT&T (Screencapped an account overview on computershare), A change of address notice i got through the mail when first initially registered her on computershare), and the most recent dividend check that came through the mail.
In addition to the above, I have to include:
About two or three weeks ago I reported the stock certificates lost on the computershare website, and this put a "stop transfer restrictiction" against the lost securities. "As required by law, we have filed a Securities Information Center Report with the financial community" They sent us a "Affidavit and Application" form to fill out which requires a notarized "Small Estate Affidavit" document which I'm pretty sure has to go through court. Why did I report the certificates lost? Because I thought this was the way to go. I'm pretty sure I could dig through some of her stuff and find some old paperback certificates from 1988 to present.
My Sister had a joint bank account with my grandmother that was closed a week after she passed away because of overdraft charges. This transfer would be going into my mothers name.
My grandma owned 3 houses, filed bankruptcy and lost 2 houses. She stopped paying her house payment 4 years ago because who would pay 50,000$ for a 10,000$ house. Foreclosure process began and she was kicked out last march. Died in July. House went through Sheriffs auction in November and it sold for 5,000$ + closing costs and such.
If a probate/lawyer is absolutely the only way to obtain these stocks, would my mother be on the hook for the house debt? If a probate/lawyer is needed would the court/lawyer costs even be worth all this trouble for 4,500$? I'm attempting to buy my first car.
Submitted January 27, 2017 at 06:33PM by NeedHelpThrowAway95 http://ift.tt/2kCHmwJ
