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Stocks are registered to belong to a person - every country has a legal means of recording this ownership and the companies providing this service are called Share Registrars.
When a person dies then the stocks become the property of that person's estate (all the person owned at the time of death).
For tax purposes, the monetary value of the stocks must be determined/recorded for the day of the death (This can be done retrospectively from the Stock Market reports for that day).
The ownership of the stocks remain IN THE ESTATE until the executor of the estate obtains a deed of probate (a legal document obtained from a probate court) which then allows him/her to either assign the stocks to the person's heirs (change their ownership) or sell them and divide up the money. When the executor does this the probate document will have to accompany the instructions.
What else can I help you with?
What determines the price of stock?
The market price of a share of stock is determined by the forces of demand and supply. Shares represent partitions in the ownership of a company.
What is a unit of ownership in a corporation called?
Common Stock is the most basic form of corporate ownership.
How can one verify stock ownership?
One can verify stock ownership by checking their brokerage account statement, contacting the company's transfer agent, or reviewing the stock ownership records maintained by the company.
What do you do with a stock certificate?
Stock certificates nowadays are mainly used to demonstrate ownership and transfer of ownership to someone else.
What is a stock as in stock market?
Individual shares (ownership) in a company.
What is Employee Stock Ownership plan?
An employee stock ownership plan is what an employee of a stock would create to have a plan. On it would be how long one plans to own that stock and so forth.
A part ownership of a company due to money invested is called?
the answer is stock
Does stock have a stated maturity?
Stock does not mature, unlike bonds. Stock is a partial ownership of some corporation; once you buy the stock, you have that ownership until such time as you choose to sell the stock, which you can do at any time you like if you have a buyer.
A share of ownership in a corporation?
stock
What is a share in the ownership of a corporation?
A stock.
What represented ownership in a corporation?
STOCK
When a person has ownership in a company what do they have?
stock
