CREATE AN ABI (TRANSFER) HAT WRITE UP
Purpose: The purpose of this hat write up is to show the standard way of creating an ABI for transfer for one investor to a new entity.
Originator: Juliana Gomez Date: 8/26/2020 updated on 4/29/2022
Post’s Concerning: PI account Manager
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Steps:
In google drive go to
Then click on the file “ABI MailMerge Data”
Once in the excel file, type the following
Date: The date that you are going to create the ABI
Assignor 1: The investor that is transferring the ABI
Note: If it is a company name you must write the name company in this cell
Assignor name1 : Name of the investor that is signing the transferring of the ABI
Note: if it is not a company the name of the investor must be in the assignor 1 and assignor name 1, if it is a company you have to use the same name as Assignor 1
Assignor 2: if there is a second investor that is transferring the ABI
Assignor name2 : if there is a second investor from we are transferring the ABI
Assignee 1: The new entity receiving ABI
Note: If it is a company name you must write the name company in this cell
Assignee name1 : Name of the new entity receiving the ABI
Note: if it is not a company the name of the new entity must be in the assignee 1 and assignee name
Trustee: Equity & Help Inc.
Percent Words: One Hundred
Percent Numbers: 100
Trust date: The date that the trust was created.
Note: you will find this information in the trust in Matrix
Trust name: It is the trust name
Day: the day in ordinal name (1st, 2nd, 3r, 5th etc)
Month: Month of transferring the ABI
Year: of Transferring the ABI
Once you put all the data in the excel file save it and close it
Go back to the Assignment of Beneficial Interest folder
Open the “Transfer of Assignment of Beneficial Interest inTrust to E_H with no notary” template
The system is going to shows a sign, click “yes”
Once the file is open, go to “Mailings” option in the top
Then click on the last record arrow
Once you are in the last record, click on the previous record arrow
Then the word document will show you the ABI with the information that you put in the excel file
Then print the document and take it to sign by Equity & Help Inc
Once the ABI is signed by Equity and Help Inc, scan the document and save it in the folder of the previous entity folder and in the new entity folder in Div 2 Central Files .
Label the doc as follows: ABI (Trust Name) transfer from (Investor transferring) to (New entity receiving) (date) signed.
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