Reply to Stock Transfer related to death - Beneficiary is not a U.S. Citizen and does not reside in the U.S.

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[quote=Anonymous]I have a relative (non-U.S. citizen) who lives overseas. Her father lived in the U.S. 30 years ago and had a stock account (~40k). Fortunately, she has the statement for the account so we have the account number, contact information, etc.  Her father left the U.S. after a few years and moved back to his country. He recently died. She is the sole beneficiary of his estate. There's a will that indicates she is the sole beneficiary, and he had completed a beneficiary form when he opened the stock account. She completed the form for the stock transfer, but no one knows where the stock certificate is. The company sent her a form titled "Affidavit of Loss and Indemnity Agreement" which is required for the stock certificate replacement. There are questions on this form she is unable to answer.

The second issue is that the transfer form requires a "Medallion Stamp" from a bank with her signature. None of the banks she contacted in her country have a "Medallion Stamp." We called share service provider for this stock account and explained what while the bank cannot provide a Medallion Stamp, she is able to get her signature notarized at the U.S. embassy. They said a notary would not be sufficient and that a Medallion Stamp is required.

The call center for this share service provider for this stock account is very unhelpful.

Do we need an attorney for this? If so, would this be an estate attorney? Is there some type of financial organization or consultant who can assist this stock transfer?

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