How to Redeem Stocks for Deceased Owners. If you inherit stock from a person who has passed away, you may wish to redeem, or sell, the shares. Selling the shares is a simple matter, but ownership of the shares must be legally transferred before you can redeem them. The process of transferring ownership varies, Corporations rarely issue stock certificates anymore. Many companies encourage their investors to turn in their stock certificates, replacing them with newer indications of stock ownership. If, however, you do want your company to issue stock certificates, you can get corporate business supplies online by using a corporate kit. A corporate kit usually contains a handsome binder, a ledger, some stock certificates, and a corporate seal.