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TD Ameritrade Trust Accounts (2021)

Review of TD Ameritrade Trust Irrevocable, Living, Retirement accounts pros and cons, revocable, irrevocable, living, testamentary, and retirement fees, minimum, investing options and commissions.

Trust Accounts at TD Ameritrade

If you have a legally-established trust with assets that need to be invested, you’ll definitely want to open a brokerage account with a reliable firm. TD Ameritrade offers trust accounts for a variety of situations. Keep reading. We’ve done all the research for you.

Trust Types

TD Ameritrade has accounts for revocable, irrevocable, living, testamentary, and retirement trusts, such as secular and rabbi trusts. Included in the definition of trust are defined benefit plans.

TD Ameritrade does not sponsor trusts. To be eligible, a trust needs to be already established with plan documents. The broker will request a Certificate of Trust or Trust Summary with the account’s application.

TD Ameritrade Trust Account

Opening the Account

To open a trust account at TD Ameritrade, just point your browser to the broker-dealer’s account application page. Here, you’ll be presented with several categories in the left-hand column. First, expand the “Business/Trust” category. For personal trusts, such as revocable and testamentary trusts, click on “Personal trust.” For other types of trusts, such as retirement trusts, click on “Other tax-exempt trust.”

Every trust account at TD Ameritrade requires some amount of paperwork to open. Thus, a trust account can’t be opened online completely. You can start the process online by going to the link above. But to get the account opened, you’ll need to download the required paperwork first. To do this, click on the account type using the link mentioned above, and specify whether you want the forms emailed or snail mailed to you, or if you want to download them.

Once you have the forms downloaded, you’ll need to supply the necessary information and send the documents back to the broker. Once you have done this, your account will be opened and you’ll be able to log into your new account.

If you have any questions during this slightly bureaucratic process, or if you need any help, don’t hesitate to contact TD Ameritrade. The broker posts its new accounts phone number on the application page: 1.800.454.9272.

Open TD Ameritrade Account

$0 commissions + transfer fee reimbursement.

Open TD Ameritrade Account

Advantages of Trusts

Trust accounts come with several notable advantages. A trust helps to circumvent probate, which can give your loved ones some privacy after your death. A trust can also shield assets during your lifetime from lawsuits and creditors. Furthermore, it can reduce gift and estate taxes at both the state and federal levels.

Benefits of Trust Accounts at TD Ameritrade

Opening a trust account at TD Ameritrade comes with the same benefits that other account types have. These include $0 trades on stocks, ETFs, and options (there is a 65-cent charge for each contract).

Trusts can trade all the same investments as other accounts. This list includes forex, futures, mutual funds, bonds, and IPO’s.

A trust can also be set up as a managed account. This means TD Ameritrade will make all trading decisions in return for a small fee. Prices range from 0.35% with a $5,000 minimum up to 0.90% with a $25,000 minimum. The broker has both robo and human advisors who trade a variety of investments.

Open TD Ameritrade Account

$0 commissions + transfer fee reimbursement.

Open TD Ameritrade Account