ALWAYS FIRST:

Check Patronage > setup > system integration.
Be sure that it is turned to YES for A/P integration for the Stock/Equity Transfers

Scenarios:

Scenario One:

Spouse passed away and everything is moving everything to the other spouse’s account.

Requirements:
Move stock from x-account to y-account
Move equity from x-account to y-account
Move activity from x-account to y-account

1. Move the equity from x-account to y-account.
   PAT > Patronage Transactions > Transfer Stock/Equity
   Select equity ONLY.
   You want to keep the original date on the transactions, so answering option 2) Keep original date
   This will allow you to keep equity in the same year it was created.

2. Now transfer the stock.
   Note that this is the single share of common stock that you must own to be a member of the coop.
   The y-account already has their required share of stock. AGRIS stock setup limits will stop you from transferring the stock because it would put the y-account over the stock limit.
   You have two options. buy the stock back or transfer it equity. Based on past calls, most coops' transfer it to equity.
   PAT > Patronage Transactions > Transfer Stock/Equity
   Use current date for this transaction. This will move the stock value to equity dated today’s date.

3. If there was unrefunded Activity for the Y-account, transfer it to x-account.
   Pat > Activity > Transfer activity.

4. Finally, in order to handle un-accumulated activity that may be on y-account.
   Go to name/address, edit y-account, under relationships > patronage splits
   key in the y-account.
   This will allow you to "catch' anything that happened in the current year and make sure it gets to the new account.

Scenario Two:

Farmer has passed away and is moving stock/equity to his three children, who are not coop members.

Requirements:
Move stock from x-account to a-account, b-account, c-account
Move equity from x-account to a-account, b-account, c-account
Move activity from x-account to a-account, b-account, c-account

1. Setup each new account in name/address.
   Remember that these accounts will have 1099-PATR forms so be sure to get their tax id’s.

2. Move the equity from x-account to y-account.
   PAT > Patronage Transactions > Transfer Stock/Equity
   Select Equity Only
   You want to keep the original date on the transactions, so answering option 2) Keep original date
   This will allow you to keep equity in the same year it was created.

3. Now transfer the stock.
   Note: Realize that one of the new accounts will end up with a slightly larger amount just because
   33.33 + 33.33 + 33.33 = 99.99
   Someone is going to get 33.34%
   Also, be aware that the stock will become a stock credit and the new account will still need to purchase the remainder of the stock or receive it at the next refund before they are full coop members.
   PAT > Patronage Transactions > Transfer Stock/Equity
   Select stock.
   Use current date for this transaction. This will move the stock value to equity dated today’s date.

4. If there was unrefunded Activity for the Y-account, transfer it to x-account.
   Pat > Activity > Transfer activity.

5. Finally, in order to handle un-accumulated activity that may be on y-account.
   Go to name/address, edit y-account, under relationships > patronage splits
   key in the y-account.
   This will allow you to "catch' anything that happened in the current year and make sure it gets to the wife's account.
   
   

Scenario Three:

The name changed on account, the son is taking over the father's account.
Can they just change the name id via name/address OR do they have to setup a new account.
The solution to that depends on whether it is a new tax id?
If it's a new tax ID, it needs to be a new account.
If it’s a new account, then you have to transfer the stock/equity.

1. Setup new account in name/address.
   Remember that these accounts will have 1099-PATR forms so be sure to get their tax id’s.

2. Move the equity from x-account to y-account.
   PAT > Patronage Transactions > Transfer Stock/Equity
   Select Equity Only
   You want to keep the original date on the transactions, so answering option 2) Keep original date
   This will allow you to keep equity in the same year it was created.

3. Now transfer the stock.
   PAT > Patronage Transactions > Transfer Stock/Equity
   Select stock.
   Use current date for this transaction. This will move the stock value today’s date which helps you track when they became a patron.

4. If there was unrefunded Activity for the Y-account, transfer it to x-account.
   Pat > Activity > Transfer activity.

5. Finally, in order to handle un-accumulated activity that may be on y-account.
   Go to name/address, edit y-account, under relationships > patronage splits
   key in the y-account.
   This will allow you to "catch' anything that happened in the current year and make sure it gets to the new account.