DO YOU HAVE A STOCK WILL ON FILE?

Some people find it easy to think about wills, while others prefer to avoid the subject entirely. Having a stock will on file with The Aleut Corporation (TAC) lets you control who will inherit your stock after your death.

If you die without a stock will, your stock will be distributed according to state laws, which may not be your intent or your wish. If you have a valid stock will on file, you control the decision on who will inherit your stock.

Some people use a simple approach and designate one person, perhaps a spouse to receive their entire stock while other people choose to divide their stock and give it to several people. You can divide your stock by percentages as you wish (although TAC does reserve the right to prevent fractional shares).

If you die without an Aleut Corporation stock will on file, Alaska state law will divide your stock as follows.

Married and have children
Your stock will automatically transfer to your surviving spouse and children. Your spouse will receive 50% of your stock and your children will split the remaining 50%.

Married and do not have children
Your shares would transfer to your surviving spouse. Your spouse would receive 100% of your stock.

Not married and do not have children
Your shares would transfer to your surviving parent(s). Each parent would receive 50% of your stock or one surviving parent would receive 100%. If both parents were deceased your stock would be divided among your brothers and sisters.

Listed above are the simplest examples of transfer of stock according to state law. Quite often, transfers under state law require extensive research for surviving family members. Frequently family members cannot be found, making the transfer a lengthy process for everyone that can take years to complete.

If you already have a stock will on file with TAC, you should review it periodically to make sure it reflects your current wishes. You should also review it when, through death, marriage, divorce, birth, adoption, or other circumstances, there has been a change that might affect your wishes as reflected in your current will.

Enter to win a $100 prize by sending in your new or revised stock wills today.

TAC holds $100 stock will prize drawings monthly to encourage shareholder to submit a first-ever stock will or to update an old stock will. The odds of winning are good, so send in your stock will today.