Legal Question in Family Law in Illinois
Stocks withheld by family members
I have around 7500 dollars in stocts that I have and would like to sell. I am only 20 and my mom won't give me the stocks because she says that you have to be twenty one and she won't co sign on them. I do not live with them, I havn't for 2 years and I am also married with a child so I think I am considered emasapated and she has no say weather I sell the stock or not. Please e-mail me back. Thank you.
1 Answer from Attorneys
Re: Stocks withheld by family members
I know of no restriction on stock that requires you to be 21. You became an adult at 18. If the stock are in your name, you do not need the physical stock itself. You should be registered with the company. Contact the company and tell them you want to sell and do not have the actual stock certificates any longer. They will require you to sign some paper work but this should not be too complicated.
However, if you received the stock through some type of estate or will transfer, the transfer could be restricted by the will.
I can help you recover the stock but i need more information. I charge $250 per hour on these types of cases. Cll me for a free consultation.
Michael A. Perez
773 772-8989
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