QUESTION
How can I terminate a joint tenancy on a Employee Stock Purchase Plan.
Asked on Dec 29th, 2013 on Trusts and Estates - North Carolina
More details to this question:
I lived with a woman for 10 years. During that time, I began a stock purchase program through my employer. I added her as a joint tenant to my plan. We were never married. We separated 2.5 years ago and I have since married another woman. I am being told by my holder company (Computershare) that I cannot remove my previous girlfriend with out her approval and legally checked (unsure of proper terminology) signature. Computershare did say that I could get a court order to do so. As we separated in bad circumstances, and she's the type to hold a grudge, how can I remove her from this account without her signature?
1 ANSWER
3 Awards
Dont call me but call a local lawyer who knows NC law. In my state, PA, Computershare would be right. You are screwed unless she signs off. You will probably have to buy her out. But, you may want to see if a local lawyer has an idea about filing a suit in equity based on the fact that you contributed all of the money.
Answered on Dec 29th, 2013 at 4:34 PM
William R. Pelger, Attorney Munhall, Pennsylvania 412-461-1900