Your legal registration determines ownership. Following are some examples of the more commonly used legal registrations. Consult your attorney with questions regarding a specific registration. The legal name of the individual must be used. Upon death of the owner, shares go to the individual's estate.
Stock is held by two to five individuals as joint tenants with rights of survivorship.
Each tenant owns an undivided interest in the stock. Recognized by certain states as an appropriate registration for two individuals who are married to each other. When one tenant dies, the shares pass to the survivor. The custodian collects, holds, manages, invests and reinvests custodial property for the benefit of the minor until the minor reaches the age of majority as determined by the minor's state of residence. Top of Page Trust registration The trust is the legal owner.