Rochester, NY asked in Estate Planning and Probate for New York

Q: TOD stock account. Who has the authority to liquidate the stocks in the account once the owner is deceased?

No estate account and no executor has been appointed

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2 Lawyer Answers
Benjamin Z. Katz
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Answered
  • Estate Planning Lawyer
  • New York, NY
  • Licensed in New York

A: The account must have a named beneficiary. Upon death of the owner, it is supposed to be transferred to the beneficiary.

Michael David Siegel
Michael David Siegel
Answered
  • Probate Lawyer
  • New York, NY
  • Licensed in New York

A: The account beneficiary. That person must present a death certificate.

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