Can I transfer stocks to my son?

Asked 5 years ago

I want to transfer stocks to my son once he turns 18. Would it be possible, and what would the process entail?

Andia Rispah Igobwa

Sunday, May 23, 2021

Yes you can.
If it's a stock certificate, you sign at the back. Your guarantor must be present.﻿
If you use a broker, they provide a form to fill. It has details such as your name, account number and stock description

Andrew Moran

Monday, June 21, 2021

Yes.
Unsure how to do it? Here are several steps to incorporate into your strategy:
Request a transfer of stock ownership from your brokerage firm.
Pen a letter with instructions and attach it to your Transfer of Stock Ownership form that is provided by the company.
Sign your stock certificate (if it is a physical document) to verify authenticity.
Make copies of all the documents that are a part of this process.
Pay any necessary taxes. In some states, you could pay as high as a nickel per share.
A couple of other important notes: you need your name, account number, stock description, and possible guarantor.