Giving Stock Certificates as a Gift?

stock certificate gift notarize bay area mobile silicon valley transfer form meet up google starbucksAs the end of the year approaches, many people begin the mad dash to complete all those last minute tasks that they meant to get to all year long!

One of those last minute tasks often includes the need to transfer stock certificates or holdings to a loved one or a non-profit organization or even a charity such as 2nd Harvest Food Bank or the Red Cross.

Each brokerage firm has it’s own forms and it’s own requirements that need to be satisfied to complete the stock holding transfer. Some brokerage firms have a specific form to fill out, others may just ask the transferee to write a letter of intent stating which shares to transfer and where to send them.

In order to verify that the request is authentic and coming from the owner of the shares the broker of record will oftenmedallion signature guarantee bay area mobile notary silicon valley san jose campbell travel document service require that the sender have their signature verified by either a Medallion Signature Guarantee or by a Notary Public. Each form and each firm is different, so be sure to read the transfer document carefully.

Only a bank or other financial institution can assist you with a Medallion Signature Guarantee as I discussed in my previous post. However, Bay Area Mobile Notary often helps clients complete the needed notarization on their stock transfer forms.

This is actually one of the most common requests that we receive! The forms only require some basic information from the party making the transfer and a notarized signature. Total time to complete these forms is often less than 10 minutes.

sit back relax bay area mobile notary serves you home office todo list complete stock transferBay Area Mobile Notary Can Help

If you need help completing your stock transfer before the year end, give Bay Area Mobile Notary a call and we can meet you anywhere in Silicon Valley to complete your documents in no time at all. Then you can sit back and enjoy the holiday season knowing that one more item has been taken off your last minute to-do list!

We love helping our clients, but over the next few years we’ll be building and growing the next phase of our business. As a service provider our income is limited to the number of hours we can bill our clients for….in the long term that’s not a sustainable income source. We’ve already started to invest in multiple passive streams of income including both real estate and equity investments in stocks as well as bonds (debt). For now we’ll be here for you….but we’re  looking long term as well!

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