Difficulty canceling worthless physical stock certificates

💸 moneysocial problemSingle report ●●●●● severity 2/5

An executor of an estate is unsure how to properly cancel or dispose of physical stock certificates for a company that are reportedly worthless.

Who's affected: An executor of an estate holding physical stock certificates.

⚠️ Single report. This is one person's account. We mark it so until more voices confirm it.

What people do today

Ideas a builder, maker or community group could start on:

A guide or directory service that identifies the current transfer agent for defunct or legacy stock certificates.
A standardized template or legal kit for executors to formally request the cancellation of worthless securities.
A policy initiative to simplify the legal process for de-registering worthless physical assets in probate.

“How do I cancel the Certificate?”

Source: Stack Exchange (money) · CC BY-SA 4.0, user-contributed content from Stack Exchange; summarized and modified