Sealaska Needs Your Help with Stock Wills and Descendant Enrollment

Q: Did you know? 70% of shareholders do not have a stock will on file.
Q: Did You Know 25% of eligible descendants are still not enrolled.
To download the testamentary disposition form, visit Mysealaska.com/services.

Q: Did you know? 70% of shareholders do not have a stock will on file.
Approximately 70% of shareholders don’t have a testamentary disposition (“stock will”) on file with Sealaska.  If you haven’t filled out a stock will, Sealaska won’t know who inherits your stock should something happen to you.

To download the testamentary disposition form, visit Mysealaska.com/services.

What Is It?
The Testamentary Disposition (“stock will”) is a form you can use to tell Sealaska who should receive your shares when you die. If you want, Sealaska can help you properly complete the stock will form. Forms must be notarized to be complete. Sealaska has notaries who can witness your signature. Please note that Descendant (Class D), Leftout (Class L) and Elder (Class E) stock are all “life estate stock,” which means they cease to exist when the shareholder dies. Life estate stock cannot be gifted or inherited.

Why Is It Important?
Everyone can plan ahead for what happens to their shares as part of the will process. If you don’t have a will on file, your heirs will have to sort out your Sealaska stock and other property, which can make things harder on them. Sealaska encourages shareholders to be responsible and think about the future.

Q: Did You Know 25% of eligible descendants are still not enrolled.
Approximately 25 percent of people eligible for descendant stock have not enrolled.

  • In 2007, shareholders voted to enroll the next generation of shareholders. To date, 5,030 enrolled shareholders hold descendant stock. Sealaska estimates there are still 1,800 descendants who have not enrolled.
  • By enrolling, you strengthen Sealaska’s shareholder base and secure your own voting rights for the future.
  • Are your children, grandchildren or nieces and nephews eligible to become shareholders? Please encourage them to go to MySealaska.com to find out more about enrollment.


ELIGIBILITY REQUIREMENTS
Descendant shareholders must be:

  • Born after December 18, 1971
  • 18 years of age or older
  • Lineal descendants of an original Sealaska shareholder (meaning an original shareholder’s child or grandchild)
  • 1/4 degree or more Alaska Native blood (including Tsimshian Indians not enrolled in the Metlakatla Indian Community)
  • United States citizens
  • Not shareholders of another ANCSA Regional Corporation (except by gifting or inheritance)
  • Be sure to include all supporting documents, including your Certificate of Indian Blood (CIB) from the Bureau of Indian Affairs (BIA), as well as your original birth certificate.

Sealaska is here to help! For more information, please visit MySealaska.com/services. You can also call 800.848.5921 ext. 240 and a Sealaska representative will assist you.
 

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