Perhaps I am getting a bit too wired about what I perceive to be an effort to make us open an account with my recently passed mother in law's broker.
There are stocks to be transfered on a "Transfer on Death" basis. We have offered a copy of our brokerage account number with Vanguard, but the current broker is making us open a new account in our name with them to which the stocks will be transferred and then they will start the process of dealing with Vanguard. Am I being too paranoid about their requirement or is this something that is a normal procedure?
Thanks in advance for your insight.
jpjr
There are stocks to be transfered on a "Transfer on Death" basis. We have offered a copy of our brokerage account number with Vanguard, but the current broker is making us open a new account in our name with them to which the stocks will be transferred and then they will start the process of dealing with Vanguard. Am I being too paranoid about their requirement or is this something that is a normal procedure?
Thanks in advance for your insight.
jpjr