Stock

Stocks, bonds or any other securities can be transferred as gifts. Giving the gift of stock has benefits for the giver. If the stock has appreciated in value, the holder can avoid paying the capital gains tax by giving it as a gift. Depending on how the stock is being held, there are two methods in transferring the ownership of a stock: physical and electronic.

If the stock is being held in certificate form, then transferring the physical stock will be required. The owner must endorse the stock by signing it in presence of a guarantor, which can be his or her bank or broker. There may also be a form on the back of the certificate, which relates to the transferring of ownership. After the certificate is filled out and signed, it will be rendered non-negotiable and become transferable to Milestone Centers.

Often though, there will not be a physical copy of the stock, but rather an electronic version. To gift the stock, the owner should gather the brokerage account information of the party they are gifting. The next step is to contact the gifter's broker, pass on the new account information, and order the electronic transfer to the other party.

To give a gift of stock to Milestone Centers, contact:

Mark Belschner
Wells Fargo Advisors
910 Sheraton Dr./ Lobby #3
Mars, PA 16046
(724) 553-5424

Account #2561-8140