Requirement for medallion signature for estate transfer
My niece’s husband died and she is his only heir. He owned stock prior to their marriage and she is trying to transfer ownership. The company is Putnam Investments and the value is $24,000. Among other things, Putnam requires a medallion in connection with a transfer. My niece lives in Minooka, Illinois and their bank has no employee with a medallion. Putnam stated that my niece can prepare a statement to the affect that she can act for the estate and is entitled to the assets thereof. The statement must be signed and notarized. How should such a statement be worded?
Terry Says
Very simply. Just write a letter to Putnam, and include the relevant portions of the death certificate and a letter from the probate attorney attesting that she is the heir, (might have to include relevant portions of the will or trust document of hte estate) — and explain that that there is no large bank nearby with ability to guarantee a signature. Then she should have a notary attest to her signature on that cover letter. There should be a notary in the attorney’s office or at her bank. But the estate attorney who took the will through probate should be able to help her do this easily.
