Monday, December 12, 2011

How does the executor of a small estate cash in Stock that belonged to the deceased?

A friend is the executor of his fathers small estate and needs to cash in his deceased fathers stock. He called his lawyer who seems confused as to how to do it, but the lawyer says it must be done. My friend has all the paperwork - EIN, death certificates, etc. He has the stock certificate in hand. He lives in NY State. What is the best way for him to cash in the stock for money? Will he be charged a fee? |||Go to any stock broker's office with paperwork in hand and they can do it for him. I'm not sure if there is a fee.

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