Brokerage Account, Brokerage Firm, Commissions, Direct Investments, Direct Registration, Direct Registration System, estate, Executor, Inventory of Assets, stepped-up basis, Stocks, Street Name Registration, Transfer Agent, Transfer Process
Selling stocks of a decedent is a straightforward process that I knew would be part of the estate administration. Early in the estate administration, there were four companies in which the decedent held stock. However, I didn’t know the registration. After looking through boxes of statements, I noticed all communications involving the stocks were from a transfer agent. This discovery confirmed that the stocks were held in direct registration since transfer agents usually handle direct investments for companies. So, after figuring out the stock registration, I put the process of selling stocks of a decedent aside until approved as executor.