I am an American and Canadain dual citizen. I was born in the US. My grandparents purchased stocks for me when I was a baby. The stocks are in both me and my grandfather name. They were supposed to be full transfer to me when I turned 21. I’m 25, almost 26, now and there seems to be an issue getting this stocks to me because I moved to Canada when I was 5 and have lived there ever since. My grandfather is convinced that if he tells them I have been living in Canada we will completely lose the stocks all together. That doesn’t make any sense to me. My grandfather is very old and becoming very confused. He is saying wants to sign them over to someone else who can withdraw them (which I absolutely don’t want) and then give me the cash. I terrified he is going to get scammed and taken advantage of.
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Can he legally sign these stocks over to anyone or withdraw them without my signature? He is “C/F” and I am “UTMA until the age 21”. Again, I’m 25 now.
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Is there any truth to this “losing it all” because I live in Canada? How can I get these stocks transferred to me fully without taking them out.
I’d reallllyyyyy appreciate any advice. My grandfather is not in the right mind and I’m afraid he will transfer all his stocks, not just mine, to a scammer
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