MY GRANDMOTHER DIED IF SHE HAD JOINT STOCK DOES THE OTHER PARTY JUST OWN THE STOCK OUT RIGHT.DO I GET ANY IINHERITANCE FROM HER SHARE OF STOCK ?? I AM A beneficiary IN HER WILL...?????
Answer
You may be entitled to a portion of your grandmother's stock, depending on the facts.
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Please keep in mind that my response is just a general comment on your question, and not legal advice. I have answered based upon the law of the State of New Jersey where I practice; the laws in other states may be very different, and may result in very different outcomes. Your question and any response does NOT create an attorney-client relationship between you and this law firm. The exact details of your situation and things that you have not mentioned in your question can completely change the response I gave. You can not rely upon what I have written as legal advice, because I do not have all of the information that I need to advise you, I only have the very small amount of information that you put into your question. To get legal advice that you can rely on and use, please contact me directly.
Answer
It depends upon the language of the joint registration. If the language is joint tenants or the initials JTROS, this usually means that the survivor of the two registered owners becomes the sole owner. If the language is tenants in common, 1/2 of the stock is part of the decedent's estate. This is a reply to an Internet question and the response is not intended to be legal advice or as creating an attorney-client relationship.
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