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Do you have an ANCSA stock will?
When a shareholder passes away without having executed a will, the shares will be transferred to heirs in accordance with the laws of intestate succession under Alaska Statutes. This segment of the Alaska Statutes is very specific in specifying the inheritors. The end result may not exactly reflect what the shareholder may have verbally stated to family members or friends. The method for making sure your ANCSA stock goes to who you want it to go to, is to complete an ANCSA stock will form. On this form you can designate exactly who you want your stock transferred to when you pass on. Calista has blank will forms available for the disposition of Calista Corporation and village corporation stock.
Download the Calista Corporation will form or the Village Corporation will form.
Requires the free Adobe Acrobat Reader
Updating ANCSA stock wills
A shareholder can update their ANCSA stock will at any time. For example, as time goes on you may have additional children you want to add to your will, or you may want to delete someone from a previous will. When determining inheritance, the latest dated valid will specific to the disposition of ANCSA stock will determine who inherits your shares. If you have a personal will or a Native Allotment will and your ANCSA stock is mentioned, it is not necessary to complete the wills specifically designed for the disposition of your shares. If you want to obtain a copy of your current will to evaluate if you need to make any changes, just submit a written request to the Shareholder Records Department and we can send you a copy of your current will. We will also send a blank will form so you will have it on hand to make changes if you choose to do so.
Calista is not responsible for the transfer of Native allotments owned by individuals in the Calista region. Authority for Native allotments is designated to the tribal organization affiliated with the tribal enrollment of the Native allotee.
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