Fillable Schedule B Form 101 - Stock And Bonds (Page 2 of 2) in pdf

INSTRUCTIONS FOR SCHEDULE B - STOCKS AND BONDS

If the security is listed on more than one exchange, use

Report on Schedule B all stocks and bonds in which the

the records of the principal exchange where the security

decedent had an interest at date of death except stocks

and bonds held by the decedent as a joint tenant with right

is offered. Care should be exercised to consult accurate

records in obtaining values as of the date of death.

of survivorship or as survivorship marital property. Report

on Schedule E1 or E2 all property in which the decedent

3. Dividends

had a joint tenant or survivorship marital interest.

Indicate as a separate item dividends that have not

If the decedent’s interest is classified in all, or in part, as

been collected at death, but which are payable to the

marital property use the “Marital Property” column to report

decedent or the estate because the decedent was a

that interest. See the instructions to Schedule MP- MARI-

stockholder of record on the date of death. Dividends

TAL PROPERTY DECLARATION for additional informa-

declared on shares of stock prior to the death of the

tion on reporting marital property interests. Use the “Other

decedent but payable to stockholders of record on a

Property” column to report the value of any property not

date after death are not includable in the gross estate

classified as marital property.

for Wisconsin inheritance tax purposes. However, if the

stock is being traded on an exchange and is selling ex-

dividend on the date of the decedent’s death, do not

1. Description

include the amount of the dividends as a separate item.

Instead add it to the ex-dividend quotation in determining

For stocks indicate:

the fair market value of the stock on the date of death.

• Number of shares

• Exact name of corporation

4. Shares of an open-ended investment company

• Class of common or preferred

(commonly referred to as a mutual fund) are valued at

• Par or stated value/dividend rate of preferred

net asset value (NAV).

• Principal exchange upon which sold, if listed on an

exchange

5. Stock in closely held corporations or inactive stocks

• Unit value

require an appraisal by a qualified independent

appraiser. See S. 858.13. Furnish complete copy of

For bonds indicate:

appraisal and all data used to arrive at such appraisal.

• Quantity and denomination

If the following was not included in appraisal furnish:

• Name of issuer/obligor

• Date of maturity

• Description and nature of business

• Interest rate

• Number of shares issued and outstanding for each

• Interest due dates

class of stock at date of death

• Principal exchange upon which sold, if listed on an

• Complete financial statements, including all notes to

exchange

the statements for the 5 year period prior to death

• Unit Value

• Complete financial statements as of date of death; if

not available, for the full year of death

If the stock or bond is unlisted, show the company’s

• Submit copies of any restrictive agreements, sales

principal business office.

agreements or any other agreements or data that

may affect the value of this stock

2. Valuation

6. Securities considered of no value, nominal value or

For stocks and bonds either listed on a stock exchange

obsolete are to be listed last. Copies of correspondence

or stock with an active over-the-counter market, the fair

or statements used as the basis for determining “no

market value shall be determined by taking the mean

value” should be attached to the return. Also indicate

between the highest and the lowest quoted prices as of

the state of incorporation, date of incorporation and the

the date of death.

complete address of the company.

If there were no quotes on the date of death, find the

mean between the highest and lowest quoted prices on

the nearest trading date before, and the nearest trading

date after the date of death. Both trading dates must be

reasonably close to the date of death; if not, see item 5.

Schedule B Form 101 - Stock And Bonds Page 2

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