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Given 100 shares of ABC stock in a will signed in 2011. Stock spinoff 3 to 1 in 2012. Probate waited until spouse passed in 2017. Do I receive both the 100 shares of ABC company and 33 shares of ABC Spinoff Company?
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Mediation (Family, Estate, Elder/Adult Care, Divorce) Attorney serving Tulsa, OK
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Gale Allison, PLLC
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I am assuming that you mean there is a specific bequest (gift to you) of 100 shares of stock. Unless the gift included language regarding spin offs, you are likely to only receive the stock as described. However, I am not aware of any law governing this issue and if you have any evidence of a different intent, you might prevail if you challenge it.
If you want to discuss your evidence, evidence needed or challenges to this distribution, I will be happy to explore the matter with you. I will put this ssame information in your repeat question in the wills and probate category.
To your success, Gale Allison
Answered on Sep 25th, 2017 at 10:44 AM