How Do I Collect Stock of My Deceased Father if the Certificate Has Been Lost?
Full Question:
Answer:
In California, if the value of a decedent's estate doesn't exceed $100,000, the small estate procedures may be used to collect and distribute the assets of the estate. An heirship affidavit may be used in place of letters of administration. A Lost Certificate Affidavit may be used if you are trying to get stock reissued concerning an owner who is deceased. It will be a matter of company policy whether or not the affidavit of lost certificate may be accepted to issue a new certificate. A bond may be required. I suggest inquiring of the transfer agent for precise requirements. If the stock is issued to an heir under a small estate affidavit, the heir has ownership rights to use or deposit it as he wishes.