The Living Trust Myth

Dear Len & Rosie,

In 1993 my late husband and I went to an attorney and requested a Family Trust be drawn up for our family. My husband and I owned stock in a large corporation, and in 1993 the stock was retitled in the name of my husband and I as trustees of our family trust.

A few weeks ago I called the corporation to change my address and notified them that my husband is deceased. I asked them to remove his name from the stock certificate. They said they would send me a form to fill out and have my signature "medallion guaranteed", and that I had to send the form, along with a certified copy of my husband's death certificate, back to them. They also said I had to send the stock registered mail, insured at two percent of the stock's value. My question is why? We had the trust drawn up to cover all of this.