In order to ensure account security and to comply with government regulations, special documentation is required for the following transactions:

• In the event of the Death of Account Owner, the following requirements apply:
  • A new Sit Mutual Funds application must be completed
  • A notarized Affidavit of Domicile must accompany the application
  • A Medallion Signature Guaranteed letter of instruction written by a surviving owner or executor of the estate must accompany the application and Affidavit of Domicile.
• Authorization of non-owner requirements:
  • Notarized Full Trading Authorization form (power of attorney specific to Sit Mutual Funds)
• Account transfer requirements are situation dependent:
  • Transfer of non-IRA account from Sit to another firm: Medallion Signature Guaranteed letter of instruction
  • Owner/Trustee incapacitation: notarized letter from doctor and Change of Account Information form with Medallion Signature Guarantee
• Beneficiaries:
  • If NOT listed on the account at time of death: copy of Letters Testamentary naming Executor of the Estate and Medallion Signature Guaranteed letter of instruction from the Executor
  • If no beneficiaries are listed on the account AND the estate qualifies as a “small estate”, a notarized Small Estate Affidavit—check with state’s Department of Revenue