Lester Aldridge is the first UK law firm to offer Medallion Signature Guarantees
Leading law firm, Lester Aldridge, is pleased to announce it is the first law firm in the UK to be authorised to act as guarantors under the US Medallion Signature Guarantee STAMP programme.
To complement the firm’s specialist services in assisting executors and beneficiaries around the world with administering estate assets located in North America, Lester Aldridge has now extended its offering and is an authorised guarantor to handle Medallion Signature Guarantee applications, without having to refer any part of the process to a third party.
When an individual with shares in North America passes away, a Medallion Signature Guarantee is usually required by transfer agents to guarantee the authority of the person signing the transfer forms. The Medallion Signature Guarantee is a barcoded stamp, which also provides a certification that the signature being guaranteed is genuine. It is a statutory requirement when managing the sale or transfer of shares and mutual funds in North America. The Medallion acts to limit the liability and loss by safeguarding against forged signatures.
Oliver Phipps, Partner and Head of the International Private Client team at Lester Aldridge commented: “We are delighted to be enrolled as a provider of Medallion Signature Guarantees and pleased to be the first law firm in the UK to provide this service.”
“Medallion Guarantees are often not easy to obtain if you are a resident outside of the USA, however, my team can offer all the advice and expertise needed to ensure a smooth transaction under one roof, during what can often be a difficult time.”
Lester Aldridge is a regulated firm of solicitors with offices in Bournemouth, Southampton and London. Its expert team is able to assist with all aspects of North America estate administration, including the completion of applications for federal estate tax clearance certificates.
For further assistance with estate assets in North America, including Medallion Signature Guarantee applications, contact Lester Aldridge’s International Private Client team on 01202 786161 or email info@LA-law.com.
Providing outstanding legal advice, Lester Aldridge has core practice areas in real estate, litigation, private client and commercial services, which it delivers nationally and internationally through its global alliance with MSI, a network of professional service firms.