Afognak Native Corporation’s Shareholder Services provides shareholders a number of services for shareholders to manage the handling of their shares. With the forms below, Shareholders can perform a number of share management functions.
Any Shareholder (18+) can gift stock to their Native, lineal descendants as long as the stock is not under custodianship or otherwise legally guarded.
Shareholders are strongly encouraged to keep a will on file with Afognak Native Corporation (Afognak).
Afognak can work directly with the family members to help determine the proper heirs of the stock in accordance with any valid will the Shareholder may have that is applicable to the stock, or, if a will does not exist, under Alaska Statutes.
To gift your stock, you need to complete the Gifting your Stock application. Any Shareholder can gift their stock as long as the following criteria are met:
For purposes of Stock Gifting, lineal descendant means child, grandchild, great-grandchild, niece, nephew, sister or brother. Brother and sister include half brothers and sisters, but do not include step-brothers and step-sisters. In the case of an adoption, the adopted descendant can receive a gift of stock if his/her adoption occurred before he/she reached the age of 18 and is recognized at law or in equity.
Use this form to Gift shares to certain relatives. Please call Shareholder Services at 888-292-9580 or 907-222-9500 for more information.
Submit this form if you are Gifting Shares to a relative under the age of 18.
Each person receiving a Gift of Shares must complete this IRS form.
Shareholders are strongly encouraged to keep a will on file with Afognak Native Corporation (Afognak). If Afognak does not have a will on file, it is required to follow Alaska State Intestate Law. This means that without a will, the State of Alaska will determine who will receive your shares. Shareholders can either submit a copy of their will to Afognak or complete an Afognak Native Corporation Will. Free notary services are available in the Anchorage and Kodiak offices for Shareholders.
Download the TDF Instructions to assist with completing this form.
Use this form to designate who will receive your shares upon your death.
The Alaska Native Claims Settlement Act (ANCSA) provides that Native corporation stock is not required to go through probate in the court system. Afognak can work directly with the family members to help determine the proper heirs of the stock in accordance with any valid will the Shareholder may have that is applicable to the stock, or, if a will does not exist, under Alaska Statutes.
Family members should contact Afognak immediately when a Shareholder passes on.
Afognak needs two documents before it can begin processing a Shareholder estate:
Complete and submit this affidavit along with a copy of the legal document authorizing the change of name.
If your forms do not open, you may need to download Adobe Acrobat to view them.
Shareholders can register their descendants with Afognak, access Afognak publications, submit scholarship applications, and update contact information at My.Afognak.
