I'm executor of an estate where the decedent had a mutual fund. In order to sell the shares and transfer the proceeds to the estate, I need to acquire a Medallion signature guarantee. The bank for the estate bank account doesn't offer this service. I've gone to other banks and they won't provide it either since I'm not a customer.
Does anybody have a solution? Am I going to have to suck it up and open a bank account so I can get this done? If I don't sell the shares and they are transferred to me when the estate is closed (I'm the sole heir), will I still need a Medallion signature guarantee to sell the shares.