(Forms and Instructions for Waiver of Probate Bond Application)
TRAVELERS GUARANTEE COMPANY OF CANADA is not associated or affiliated with the Transfer Agent in any way. In addition to Travelers Guarantee's requirements for documentation, the Transfer Agent may have their own requirements for filing of documentation. Please direct these inquiries to their offices.
In order that such a bond is approved, TRAVELERS GUARANTEE COMPANY OF CANADA would require the following:
1. AFFIDAVIT AND INDEMNITY AGREEMENT
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Signed by ALL persons entitled to share in the estate and if applicable legal representative(s), all signed personally and Title Free.
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Signatures to be acknowledged by a Commissioner for Oaths or Notary Public.
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Click here to download Affidavit and Indemnity Agreement (PRINT ON LEGAL SIZE PAPER)
2. PERSONAL NET WORTH STATEMENT – THIS IS ONLY REQUIRED IF THE CURRENT VALUE OF THE SECURITY (IES) EXCEEDS $20,000 CANADIAN.
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Completed by all persons entitled to share in the estate.Click here to download Personal Net Worth Statement
3. BANK REFERENCE LETTER – THIS IS ONLY REQUIRED IF THE CURRENT VALUE OF THE SECURITY(IES) EXCEEDS $20,000 CANADIAN.
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This must be completed by the bank on the bank's letterhead, signed by an officer, or account manager at the bank.
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Click here to download Bank Reference Letter (SAMPLE ONLY)
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Click here to download Brokerage Reference Letter (SAMPLE ONLY)
TRAVELERS GUARANTEE COMPANY OF CANADA has a general rule when underwriting these types of bonds. The indemnitor/applicant must have at least double the value of the bond in personal liquid net worth. Please provide back-up and confirmation of this. Any type of financial statements, investment portfolios and/or bank records may be submitted as evidence to back the Personal Net Worth Statement. Please keep in mind the general rule.
4. COPY OF TRANSFER AGENTS’ LETTER
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Confirming that a Waiver of Probate Bond is required in order to transfer security/assets along with its current value. This letter must be dated within six months of the date requesting transfer of the security/assets.
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Certified Notarial copy of Death Certificate.
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Certified Notarial copy of Will and/or any relative documentation to establish beneficial ownership and relationship to the person(s) entitled to share in the estate.
5. PRIVACY CONSENT FORM
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Canada's privacy laws requires Travelers Guarantee to obtain an individual's informed consent prior to or at the point that our office requests an individual(s) to provide it with any personal information.
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Enclosed is a copy of Travelers Guarantee's Privacy Policy and the Conset Form that is to be completed by each individual personal indemnitor in this application process.
6. PREMIUM
The program rate for a Waiver of Probate Bond request is 2% of the current market value of the securities or a minimum flat charge of $250.00 Canadian whichever is greater. Payment should be calculated on the day the application is forwarded to Travelers Guarantee. Payment must be made by Certified Cheque / Bank Draft / Money Order payable to TRAVELERS GUARANTEE COMPANY OF CANADA in Canadian Funds (U.S. or foreign currency funds will not be accepted).
As an alternative method of payment Travelers Guarantee will accept VISA / MasterCard. Should VISA / MasterCard be the choice of payment print off and complete the Credit Card Authorization Form. Click here to download "Credit Card Authorization Form".
Note: Payment must accompany the application or the request will be declined and returned. Payment will only be accepted once approval is granted for the bond request. Rates are subject to change without notice.
Kindly enclose the premium with the completed paperwork and forward to:
Travelers Guarantee Company of Canada
ATTN: Magda Pacheco
20 Queen Street West, Suite 300
P.O. Box 6
Toronto, Ontario, M5H 3R3
Upon receipt of the stated, we will review and consider issuance of the Waiver of Probate Bond. Travelers Guarantee reserves the right to request additional information.
