Account In Trust

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Dictionary Says

Definition of 'Account In Trust'

An account that is managed by one party for the benefit of another. It is sometimes called an account held in trust, and the trust relationship can be either explicit or implied. Accounts-in-trust are typically set up for minors, and transfer of ownership will occur when the minor reaches legal age.
Investopedia Says

Investopedia explains 'Account In Trust'

The person managing an account in trust is a fiduciary to the ultimate owner or beneficiary of the account.  A good example of such accounts are accounts managed by adults for minors, such as Uniform Transfers to Minors (UTMA) accounts. The term can also be used generically for any trust account, regardless of whether there is a formal trust agreement.
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'Account In Trust'

  • Series 6 Study Guide - Customer Accounts - Death or Incompetence ...

    http://www.investopedia.com/exam-guide/finra-series-6/customer-accounts/death-incompetence-account-owner.asp
    ... In either case, the account must receive a copy of the trust document and name both
    the trustee (who manages the account) and beneficiary (who receives ...

  • What are the pros/cons of naming a trust as the beneficiary of a ...

    http://www.investopedia.com/ask/answers/09/trust-beneficiaries.asp
    ... Order Reprints Reprints. Feedback Feedback. What are the pros/cons of naming
    a trust as the beneficiary of a retirement account? This ...

  • CDIC Protects Canadians From Bank Failure

    http://www.investopedia.com/articles/pf/06/canadian-deposit-insurance-corporation.asp
    ... of bank failure, Tara would receive $50,000 from the account in her name, and the
    couple would receive $100,000 from the joint account. Trust Savings Deposits ...

  • An Estate Planning Must: Update Your Beneficiaries

    http://www.investopedia.com/articles/retirement/03/031803.asp
    ... entity, such as a charity, your estate or a type of trust. Request a confirmation
    of receipt of the designation from your retirement account trustee, custodian ...

  • What are the requirements that a trust needs to meet to be ...

    http://www.investopedia.com/ask/answers/03/122303.asp
    ... The beneficiaries of the trust concerning the trust's interest in the retirement
    owner's account must be identifiable from the trust instrument. ...

  • Investors Continue To Bank On Northern Trust

    http://stocks.investopedia.com/stock-analysis/2009/Investors-Continue-To-Bank-On-Northern-Trust-NTRS-STT-BK1026.aspx
    ... Chicago banking and financial services concern Northern Trust Corporation (Nasdaq ...
    saw an impressive revenue gain of 27% to $310.2 million to account for just ...

  • Series 7 Study Guide - Customer Accounts - Opening a Brokerage ...

    http://www.investopedia.com/exam-guide/series-7/customer-accounts/opening-brokerage-account.asp
    ... Trust: this account specifies that the brokerage account that it establishes,
    is to serve the investment needs of the trust. Documentation ...

  • Should You Put Your Faith In A Trust?

    http://www.investopedia.com/articles/retirement/08/trust-company.asp
    Should You Put Your Faith In A Trust? December 02 2008 | Filed Under » Alternative
    Investments, Hedge Funds, Insurance, Retirement. ... What Is a Trust Company? ...

  • An Inside Look At ETF Construction

    http://www.investopedia.com/articles/mutualfund/05/062705.asp
    ... When ETF shares are bought and sold on the open market, the underlying securities
    that were borrowed to form the creation units remain in the trust account. ...

  • Mistakes In Designating A Retirement Beneficiary

    http://www.investopedia.com/articles/retirement/04/080404.asp
    ... August 04 2004 | Filed Under » Personal Finance, Retirement, Retirement Plans. In
    Who Is the Beneficiary of Your Retirement Account?, we discuss the importance ...

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