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Transfer and Redemption Requirements
Transfer or redemption of a bond upon the resignation of a trustee. In the upper box, locate the transaction you would like performed. Use the numbers following the transaction to refer to the numbered requirements that appear in the lower box. These are U.S. Bank Corporate Trust Services' requirements to transfer or redeem your bond.
Requirements to perform:
Transfer: 1-7
Payment: 1-5, 7
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Requirements:
- The original bond
- Endorsement by the majority of trustees, with Medallion Signature Guarantee
- Copy of the Trust Agreement - the first and last pages as well as pages listing the successor trustee and bond. Does not need to be notarized or Medallion Signature Guaranteed
- A physician's letter (original or copy), on letterhead, stating the trustee is incapacitated or a letter from the trustee, usually notarized, stating they wish to resign
- Letter of instruction designating the new trustee, listing the bond
- Transfer fee, if required
- W-9 for the new registered holder or payee
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