How do I transfer shares to my CommSec Trading Account from another broker that's holding the shares of a deceased estate?
If you are the beneficiary or executor of a deceased estate that had shares held with another broker but you wish to transfer these shares to your own CommSec Trading Account, we're here to help.
CommSec requires some documentation to verify that these shares are to be transferred to your CommSec Trading Account. This depends on the amount of holdings (assets) in the account of the deceased.
For accounts with less than $50,000 in holdings, we require:
- A certified copy of a Probate/Letter of Administration
Or:
- A certified copy of the Death Certificate, and
- A certified copy of the Last Will and Testament (will), and
- A Small Estates Indemnity Form*
For accounts with more than $50,000 in holdings, we require:
- A certified copy of a Probate/Letter of Administration
Please email the documentation to commsecestatesmanagement@cba.com.au or post to CommSec Estates Management, Locked bag 22, Australia Square, NSW 1215.
Once we receive the relevant documentation, the shares will need to be transferred. To do this, please complete an Off Market Transfer Form for issuer to CHESS transactions. Please note that fees may apply.
*Important Information
Please note that all forms can be provided to us via email, with the exception of the Small Estates Indemnity Form which must include a ‘wet ink’ or physical signature.
Need help understanding some of the key words we used in this article?
Familiarise yourself with these words below:
| Technical term | Definition |
|---|---|
|
Certified copy of a document |
A certified document must include the statement “I certify that this is a true copy of the original document” and include the full name, signature, date or certification and qualification/occupation of the certifier. |
|
Probate |
A Probate is a document issued by the Supreme Court that confirms the validity of a will, and authorises the executor/s to act. Please note that if the Probate was issued in South Australia we will also require the Registrar certificates. If this was issued as an electronic grant after 26/11/2018, a non-certified copy is acceptable. |
|
Letter of Administration |
A Letter of Administration is a document granted by the Supreme Court giving authority to an administrator to collect and distribute the assets of the estate in the absence of a valid will. |
|
Death Certificate |
A Death Certificate is an official document issued by the Registry of Births, Deaths and Marriages containing the information registered when someone passes away, including the date, place and cause of death. |
|
Last Will and Testament |
The Last Will and Testament (will) is a legal document in which a person specifies how they wish their estate to be distributed after their passing. |
