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Recently Lost a Loved One
Our deepest sympathies go out to you and your family. When you are ready, we are here to help and provide the necessary resources for the re-registration of an account.
· Who can re-register an account:
§ Beneficiaries: These individuals or entities are designated by the account owner(s) while they actively hold an account
§ Executor(s) of one’s Estate: When a beneficiary is not designated (and in some other circumstances) the account would need to be re-registered to the accounts owners’ estate. This is done via probate through the local court in which they will appoint an administrator or executor for the deceased estate
§ Successor Trustee(s): For Trust registered accounts, trust documents would list successor trustee(s) to maintain the trust after the current trustee has passed away
§ Please note that we are unable to accept designation or direction from any type of a Will or Last Testament for re-registration
· If you need to confirm beneficiaries, account balance, or Date of Death valuation, please contact us by either phone or chat
· Re-registration of an account may require the authorized individual(s) re-registering to obtain a Medallion Signature Guarantee. To find out more about what it is and participating financial institutions click here
· All forms need to contain original signatures and be mailed to us at one of the mailing addresses provided on the form
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The registration needs to be updated because…
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Instructions and Forms I need
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What else I need to know…
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I have recently lost a loved one
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· (Non IRA Accounts) Complete the Reregistration and Redemption Options Form with a Medallion Signature Guarantee
· If you’re going to be a new investor – Please complete the New Account Application
OR
· (IRA Accounts) Complete the Beneficiary Payout Form for IRA Assets with a Medallion Signature Guarantee
· If you’re going to be a new IRA investor– Please complete the IRA Account Application
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· If you are removing the joint owner or co-trustee due their passing we do not require the Medallion Signature Guarantee. Please send us a copy of the certified death certificate and complete a Letter of Instruction
· The Medallion Stamp is provided with different dollar threshold limits, please ensure the one you are getting covers the amount of the account being re-registered
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Before investing, consider the fund's investment objectives, risks, charges and expenses. Please call 800-304-7404 or visit http://www.mairsandpower.com for a prospectus or, if available, summary prospectus, containing this information. Read it carefully.
Mairs & Power Funds and its representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. Individuals should consult their tax and/or legal advisor for advice and information concerning their particular situation.
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