How to Transfer Stock After Death (4 Steps)

Determine how the stock was registered. The different registrations are Individual Single Owner, Transfer On Death, Joint Tenant with Right of Survivorship and Joint Tenants in Common. Shares can also be placed in a trust. Knowing how the shares are registered will determine how much effort it will take to transfer them.
Secure a transfer of stock ownership form and fill it out completely. Of course, for accounts that are not jointly owned, the estate must be probated before the transfer process can take place. For Transfer On Death accounts, there is no probate needed and they do not have to be included in a will.
Obtain a Medallion Signature Guarantee if one is needed. In some situations, such as when there is over a certain quantity of shares, such a guarantee is needed. This can be obtained from a bank that participates in the Medallion Stamp program. This program guarantees the signature on stock certificates. A notary stamp is not a substitute for the Medallion Stamp.
Complete an Inheritance Tax Waiver if the state requires one. Some states may require this waiver and some may not.