IL Estate Planning Blog

Tuesday, November 21, 2017

Brighthouse FInancial



We have received numerous questions regarding the separation of BRIGHTHOUSE FINANCIAL from MET LIFE.  If you own MET LIFE shares, you shall continue to own the same number of MET LIFE shares. For every eleven shares of MET LIFE stock that you own, you should have received 1 share of BRIGHTHOUSE FINANCIAL.  The shares are held by Computershare.  For example, if you owned 27 shares of MET LIFE stock, you would received 2.454545 shares of BRIGHTHOUSE FINANCIAL.  Computershare is not issuing fractional shares, so they automatically would sell the .454545 shares.  If you have a living trust, you should verify that your shares are titled in your trust.  If your MET LIFE shares were in your trust, then the BRIGHTHOUSE FINANCIAL shares would have been issued in your trust name.  If the BRIGHTHOUSE FINANCIAL shares are not in your trust, then you should change the ownership of both your MET LIFE shares and your BRIGHTHOUSE shares.  You can obtain transfer forms from Computershare.

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With two offices in Oak Lawn and Oak Brook, Stephen M. Sutera assists clients throughout Cook County, DuPage County and Will County IL including Chicago, Hometown, Barrington, Burbank, Burr Ridge, Chicago Ridge, Darien, Downers Grove, Evergreen Park, Geneva, Worth, Bridgeview, Palos Park, Palos Hills, Palos Heights, Hickory Hills, Midlothian, Willow Springs, Oak Forest, Orland Park, La Grange, Brookfield, Berwyn, Tinley Park, Hinsdale, Villa Park, Clarendon Hills, Westchester, Westmont, Lombard, Elmhurst, Western Springs, Berkeley, Downers Grove, Fox Valley, Glen Ellyn, Willowbrook, Aurora, Addison, Lisle, Forest Park, Bensenville, Wheaton, River Forest, Itasca, Shorewood, Frankfort, Mokena, Naperville, Crest Hill, Homer Glen, New Lenox, Bollingbrook, Schaumburg, Channahon and Woodridge.

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