My mother owned stock in 3M. When she died four years ago, my father inherited the stock. Now my father has died and I am to inherit the stock. Here's the problem: the stock certificates are still in my mother's name. My father never transferred it. They had a joint bank account and I guess the bank allowed him to deposit the dividend checks. So now, can I transfer the stock directly to my name or do I have to transfer it to his name first? And, if the latter, how do I do so now that he is also deceased?
I have already received instructions from the transfer agent to transfer from a deceased person to an heir. I have also located a Guarantor. So I will figure this out eventually. But I am very curious to know ASAP. This is in Kentucky.
I have already received instructions from the transfer agent to transfer from a deceased person to an heir. I have also located a Guarantor. So I will figure this out eventually. But I am very curious to know ASAP. This is in Kentucky.
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