ejpoeta (1000+ posts) Thu Oct-15-09 06:43 AM
just to get food stamps or any assistance, you have to pretty much be living in a cardboard box. my husband had five shares of walmart stock but no papers for it. What would he have gotten for selling it??? after the cost of getting the papers and the cost they charge you to sell it??? not much. not enough.
5 shares at the current price(around 50 bucks) is 250.00! That's a lot of food.
Cost:
Schwab is one of the more 'pricey' with no more then 12.95 per trade for this type of situation
http://www.schwab.com/public/schwab/investment_products/stocksThere's a good chance they might waive either that or the paperwork fee to transfer the stocks.
And you don't need 'papers', a call to the company that is the registrar for Walmart stock which is:
Corporate Information
Registrar and Transfer Agent:
Computershare Trust Company, N.A.
P.O. Box 43069
Providence, Rhode Island 02940-3069
1-800-438-6278
TDD for hearing-impaired inside the U.S. 1-800-952-9245
Internet: http//www.computershare.com
Dividend reinvestment and direct stock purchase available
Most likely his certificate is not 'lost' and is in 'book form' with the registrar. It can be easily transferred or sold at the registrar for a check.
So they would probably end up with about 225.00 after all that, like I said, that's a lot of groceries.
I went in to apply for HEAP and had a lady yell at me for the bill being in my name but my not being married. she went on to tell me he'd never marry me and all this other crap. I was stunned and in tears and ended up just walkng out of there numb.... I called my boyfriend (now husband) and told him what this woman said and he called them and raised holy hell. I went back in ( i didn't want to) the next monday and got the red carpet treatment AND an apology from the woman. I swear!!
Well, in her experience, that is probably usually the case. I'd be more likely to ask if you were reporting BOTH incomes given that you were living together, but fraud doesn't seem to be a big deal for social workers or welfare processors.
they aren't in the same boat as you, and they can't lose their jobs for nothing. And they will look at you like you are the scum of the earth. I am sorry for what you are going through. And I hope you can get some relief. Because that is just wrong.
Government workers the scum of the earth? Say it isn't so. I wonder how all those social services people vote too?
***BTW, I found all the info for them to sell that stock with about 2 searches and 4 minutes.