Fraser and Fraser have been researching overseas cases for over 40 years. As a result we pride ourselves in being experts in undertaking genealogical research on overseas estates. Our experience is vital in ensuring that the research is completed thoroughly and accurately, with the documentation we obtain meeting the standards required.
A Medallion Signature Guarantee (MSG) is a type of certification which ensures that the signature authorising the transfer is genuine and the signatory has legal authority to sign, offering peace of mind to all parties within a transaction.
If you are arranging the transfer, sale of transmittal (due to a company takeover) of securities, or a change of name of the holder, a MSG provides assurance that the signature on the transaction is genuine and by the appropriate person; this is mandated by the financial institutions handling transactions of this type.
We provide a bespoke service based on the complexities of your individual case and shall be happy to advise you accordingly when you contact us about your particular need for the Medallion Signature Guarantee.
Are you using an organisation which is part of the STAMP, as suggested by the U.S. Securities and Exchange commission?
Fraser and Fraser is proud to be a certified guarantor of the official Securities Transfer Agents Medallion Program (STAMP). Our transaction stamping limit of US$ 1,000,000 enables us to provide a Medallion Signature Guarantee stamp that is suitable for a wide range of clients and situations. Having provided the Medallion Signature Guarantee stamp for solicitors, estate executors/administrators, individual (and joint) shareholders, companies and financial advisers, we are very familiar with the various forms requiring endorsement.
Which transactions require Medallion Signature Guarantee Stamp?
Examples include, but are not limited to:
– Transferring of US or Canadian stocks, shares, bonds, mutual funds, liquidating funds
– Transfer of jointly-held assets into a sole holder’s name
– Updating the name on investments (e.g. from maiden to married name)
– Letters of Transmittal
– Wire Transfers
– Affidavit of loss
– Inherited IRAs (Individual Retired Account)
– Redemption request from US or Canadian accounts
Share Registrars or Transfer Agents who require an MSG
Example include, but are not limited to:
– American stock Transfer & Trust Company (AST)
– Continental Stock Transfer & Trust
– CST Link Group
– EQ (Shareowner Services), formerly Wells Fargo
– Nevada Agency and Transfer Company (NATC)
How much does it cost?
Each application is assessed on a case by case basis and we will advise you of the necessary documentation required in response to individual enquiries. To protect our interests and that of our clients, ID checks must be performed before we can issue a Medallion Signature Guarantee.
Couple die 24 hours apart and leave Cadbury* shares in limbo
Bernard and Clara Kempson lived in Lancashire and spent many decades together, they had a baby girl a few years after tying the knot. With both passing away so close to one another, the terms of their Wills meant that their daughter, Lesley, would inherit their legacy.
The value of the estates was made up of many parts, and whilst the administering solicitors could deal with most, the North American shares owned by the Kempson couple proved difficult.
As Fraser and Fraser have worked with intestate and testate cases, we often see UK residents holding various American shares…
Dan Willoughby dies in January 2016 in London and his last Will and Testament was probated, a Grant bring issued to the named executor of his estate John Thomas.
As the personal representative of Dan Willoughby, John Thomas contacted Fraser and Fraser regarding shares which formed part of the estate. There were $3,000 worth of Evolution Petroleum Corporation shares and TransGlobe Energy Corporation shares worth $8,000. In order to deal with the sale of these holdings, John Thomas executor of the estate first had to transfer the shares.
The transfer agent Computershare Canada required that their signed securities transfer form in relation to the TransGlobe Energy Corporation shares be guaranteed by…
Fraser and Fraser can undertake international bankruptcy searches on your behalf. You will always receive support with the findings.
Our Bankruptcy Search include an I.D. check and verification, which will help you to comply with the Law Society’s Due Diligence Regulation, required by the Money Laundering Regulations Act 2007.
There’s only a few things we need to start the search:
2. Date of Birth
4. Estate Name
Charges are on a case-by-case basis, so please contact us with your requirements and we’ll get back to you within 24 hours. The cost and search times can depend on the jurisdiction, as some countries require an authorisation letter from the search subject.
To ensure that your assets are properly distributed if you die, we highly recommend that you speak with a lawyer qualified in the country in which you have assets. Laws relating to inheritance vary significantly from country to country. Overseas lawyers will be able to work alongside your UK lawyers, so you can plan the succession of your overseas assets in a way that you intend.
Fraser and Fraser are able to lend a helping hand to locate and instruct an independent English- speaking lawyer to act for you in relation to all aspects of the administration of an overseas estate.
Countries we cover include:
– New Zealand
We understand that dealing with the death of close family member or friend can be extremely difficult as well as having to cope with the formalities of administering their estate. Specifically if these estates are located abroad.
With the various and differing laws specific to each country, Fraser and Fraser are able to offer support in obtaining the correct legal advice to deal with the deceased’s overseas property, assets and liabilities.
RESEALING GRANT OF PROBATE
The Grant of Representation (also known as Grant of Probate or a Grant of Letters of Administration) may be authorised (re-sealed) in some cases so that it can be used in another country, this way assets can be released.
We can help you find a lawyer to assist you, should you need to re-seal a UK Grant of Grant from another country.
In cases where you believe you have a right to inheritance from an estate of a deceased person with assets located overseas and require the advice of a lawyer based in that country who speaks English, we can help.
HAVE SOME QUESTIONS?
We would be more than happy to answer any enquiries you may have. Contact us today to find out more.