Question/Issue:
How do I transfer or take ownership of a deceased member's account?
How do I transfer or take ownership of an incapacitated member's account?
Answer/Solution:
In the event of death or incapacity, an Advanced Mining Member's account may be transferred to their legal successor.
The following legal documentation must be submitted to Advanced Mining to initiate a testamentary account transfer:
- Valid Government Identification
- A certified copy of the death certificate; and
- A notarized copy of the will or other appropriate legal documentation establishing the successor's right to the Advanced Mining account.
To initiate the transfer of an Advanced Mining account due to incapacity, the successor must provide the following to Advanced Mining:
-
- Valid Government Identification
- A notarized copy of an appointment as trustee;
- A notarized copy of the trust document or other appropriate legal documentation establishing the trustee’s right to administer the Advanced Mining account; and
- An Advanced Mining Agreement executed by the trustee.
If the successor is already an existing member, the member must consolidate, sell, or transfer either the existing account or the inherited business.
If the successor wishes to terminate the Advanced Mining account, they must submit a notarized statement stating such desire, along with a certified copy of the death certificate, appointment as trustee, and/or any other appropriate legal documentation.
If you have any questions or need to initiate an account transfer, please submit a request through the Help Center.