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Chris T., JD
Chris T., JD, Attorney
Category: Business Law
Satisfied Customers: 4829
Experience:  Experienced in both state and federal court.
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I have stock certificates that are TOD, subject to STA TOD

Customer Question

I have stock certificates that are TOD, subject to STA TOD rules. When I pass do these certificates by pass probate and go directly to the TOD person?
Submitted: 1 year ago.
Category: Business Law
Expert:  Chris T., JD replied 1 year ago.

Hello. I'll be happy to assist you. When an account containing stocks has a named beneficiary, like a TOD stock, the shares do not have to be probated. The beneficiary will simply need to contact the account provider and furnish proof of death. Typically, this means a certified copy of the death certificate. The account provider will then process the ownership change and credit the shares to whomever you've named as the beneficiary.