How can we claim stock that we just discovered my parents had?
This should be an easy process, but it may require a bit of patience, perseverance and paperwork. And exactly how to accomplish what you need depends on how the stock was owned and whether and how your parents directed that it should pass.
If there was a pay-on-death beneficiary designated, you may be entitled to get the assets directly from Wal-Mart, by simply providing proof of death and letters testamentary or some other documentation showing that the estate is settled. Or you may need to contact the brokerage company holding the stock, which should list a customer service number on its website. Or if your mom or dad actually had certificates to the stock, you may need to have them reissued in the name of the estate or the beneficiaries through the corporation’s transfer agent.
In all cases, the best place for you to start is with Wal-Mart’s Investor Relations representative at 800-331-0085. That person should be able to enlighten you about precisely what steps you need to take in your particular situation. But be forewarned that this might be where the need for patience comes in: If you don’t get a representative who is knowledgeable or helpful, you may have to ask to speak with another rep. Or remind them of Wal-Mart’s company motto: “Saving people money so they can live better.”
Recommended for you
- Can we travel with parents with dementia?
- How do I get my dad to stop taking questionable financial advice from his friends?
- How should my father balance estate planning, tax planning, and Medicaid look back rules?
- How do we preserve my deceased father's estate when my mother remarries?
- Is there financial aid for caregivers?
- See all 566 questions about Legal & Finances
