Q: Need help with claiming stocks
my mother who recently passed away has shares of stock thru compushare. I live in CA and she passed in oklahoma. Im not sure what to do to put these shares in my name. Not a large amount. The value is worth about 27k. Can you help in this area?
A: A lawyer would need to know if your mom left a Will or Trust naming the beneficiary of the stock because, if she did, only the named person would be able to access the stock. Either way, you need to get a death certificate and complete the Compushare paperwork. Be sure to return the paperwork to Compushare within the time frame they give you. If you wait too long and miss the deadline, Compushare will make you complete the paperwork all over again. They don’t budge on that. Call their toll-free number and ask them to send you their paperwork. Best wishes!
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