Legal Question in Wills and Trusts in Ohio
What happens to stock splits, dividends, etc
Will created in 1982. Bequested AT&T stock to sister. Later became incompetent and dies 2006. Stock has split etc in interim, what is considered AT and T stock now?
Asked on 12/21/06, 4:33 pm
2 Answers from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: What happens to stock splits, dividends, etc
If the will says that AT+T stock goes to an individual, whatever that stock has transmuted and grown into goes to that person, unless the testator has exhibited a contrary intention.
Answered on 12/22/06, 5:16 pm
Nancy Fioritto Patete
Nancy Fioritto Patete, Esq.
Re: What happens to stock splits, dividends, etc
Stock activity can be traced, and their activity doesn't affect ownership. I suggest contacting the financial institution that manages this stock.
Answered on 12/26/06, 8:35 am
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