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About tbaarr
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You are here: Experts > Money > Online Brokerage/Banking > General Stock Investment Strategies > Stock certificates in joint names (both deceased)
Expert: tbaarr - 10/28/2009
Question
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hI, I could not read your blog address or would have went there to ask question, but if you include it I will ask all other question I may have there.
My son is 14 years old and the beneficiary of my sister’s estate. In her bank’s strong box several stock certificates were found, these stocks were inherited by my sister, my brother ( still living) and myself. The strange thing is that there are many certificates that are in both my mother’s name and my sister’s name. Why when my mother’s estate was settled were not these stocks placed in only one name, I have called the courthouse and the will (my mothers’) was not probated, I called the law firm that handled her estate and according to them, they cannot locate my mother’s files.
The companies which have stock certificates listed with two deceased family member’s names are from:
Bell Atlantic (original) Lucent Technologies, AT&T, American Information Corp, Comcast, and Delphi?
Any information you could provide would be very helpful.
Thank you-Kristine
Answer
the blog address is tbaarr.blogspot.com
I suggest you contact the shareholder services for each company and see if they will use the bonding process That I used once when I found stock long after my mom died. I had to provide the death certificate and pay an insurance/bond fee and submit the old shares for conversion. be aware that lucent is now agere or some name like that.A stock broker could help you on that one or the ATT shareholder services may assist you since lucent spun out of att stock as a new issue back in the 80's I believe. it aint worth much now. at 2 bucks or less a share. If it were me I would also lodge a complaint with the state bar ref that law firm or at least file a BBB complaint as a little public embarrassment goes a long way.
hope this helps
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