Legal Question in Wills and Trusts in New Jersey

Ownership of stock certificates

My wife is the executor of her mother's estate. She found some records indicating that stock certificates have been issued as follows'' Lucille--name removed--guardian for Joe--name removed--. Joe--name removed--is my wife's brother, who is 50 years old now. Does the estate own the stock or does her brother? Can her brother change ownership to himself with a certified death certificate, or does the estate get involved?


Asked on 11/15/08, 2:49 pm

1 Answer from Attorneys
Jonathan Chester The Law Office of Jonathan S. Chester, Esq., LLC

Re: Ownership of stock certificates

Based on your question, the brother owns the stock. If the stock was purchased while he was a minor, then all he needs to do is prove he's over age 21 and he can get the stock transferred into his own name. The mother's estate should not be involved with the ownership or the transfer.

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Answered on 11/17/08, 4:09 pm


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