HOW TO OPEN A TRUST FUND ACCOUNT - STEP BY STEP!!!

Chanise - ASSET PROTECTION ATTORNEY @thereellawyer HOW TO OPEN A TRUST FUND ACCOUNT - STEP BY STEP!!! 6:00 PM May 13, 2025 Step 1: Google Schwab Trust account/ $0 setup or monthly fees. Schwab One® Trust Account Protect and manage your trust account's assets with a Schwab One® Trust Account. Available for estates of any size and most kinds of trusts, this trust account has all the features of our regular Schwab One® Brokerage Account, plus it helps you prepare the way for easier management and protection of the assets within your trust account after your passing. Open a Trust Account Overview What are the fees and commissions? Monthly service fees: $0 Account opening minimum: $0 Commissions: $0 online listed stock and ETF commissions There are no fees to open or maintain your account. Other fees may apply; please see Account Pricing. Step 2: Select whether your trust has a Single Trustee or Two Co-Trustees. This determines how the account is titled and who has authority to act. Choose a type of trust account to open. Single Trustee Two Co-Trustees View more Step 3: You'll be opening a revocable living trust account, which helps manage your assets during life and simplifies transfer after death. Let's open your revocable living trust account Living Trust Account We'll help you open a Schwab One® Trust account and add money to it, so you can start investing. What can you do with a living trust account? For estates of any size, this brokerage account works with your trust to help prepare the way for easier management and protection of your assets after your passing. What are the costs of opening a living trust account? $0 monthly service fees and $0 account minimum Step 4: Gather Required Documents What do you need to open a living trust account online? Your revocable living trust Tax ID Number, original date, and governing state Digital copy of the Certificate of Trust or the first and signature pages of the trust document Your Social Security number Your employer's name and mailing address (if applicable) Have an offer or referral code? Enter your code Get started Already have a Schwab account? Log in Step 5: Confirm whether you're the grantor and trustee Let's get started First we want to confirm a couple details about your trust. In addition to being the single trustee, are you also the grantor? Yes No Are you the only grantor of this trust? Yes No Back Continue Step 6: Enter Your Personal Information Who's opening this account? Tell us a little about yourself. Personal information First name Middle name (Optional) Last name Suffix (Optional) Select Is your current home address in the United States, Puerto Rico, or the U.S. Virgin Islands? Yes No Step 7: Enter Your Trust Details Tell us about your revocable living trust Trust information You can find this information in your trust document. Legal name of trust Trust Tax Identification Number Include dashes State the trust is governed by Select Original date of trust (mm/dd/yyyy) Has the trust document been changed? Check all that apply. It has been amended It has been restated Step 8: Upload either your Certificate of Trust or the first and last signature pages Help us verify your revocable living trust Upload the Certificate of Trust or the first and signature pages of your trust document. Do not include any additional pages. What is a Certificate of Trust? What would you like to upload? Certificate of Trust First and signature pages of trust document Back Continue Step 9: Select all applicable purposes for the account Why are you opening this account? On the next few pages, we need to collect some information to comply with regulations. To start, tell us how you plan to use your account and how you'll fund it. Investing purpose and source of funds Why are you opening a living trust account? Select all that apply: Investing of trust assets Payment of trust expenses Payment of trustee compensation Distribution of trust assets Tax benefits Pooled assets Other purpose Step 10: Confirm Employment Details (if applicable) What is your employment status? Let us know what it is today. We need to collect this information to comply with regulations. You don't have to be employed to open an account. Your occupation and employer Edit Employed Step 11: Answer Regulatory Questions We ask everyone these questions Let us know if these situations apply to you. We request this information to comply with regulations. Are you a member of the board of directors, 10% shareholder, or policy-making officer of a publicly held company? Yes No Are you, or is anyone with a beneficial interest in this account, employed by or associated with any of the following? A registered broker-dealer FINRA A stock exchange Step 12: Choose Account Features Would you like to add these account features? You can also add these features after your account is opened. There are no fees for choosing these features. Paperless documents You'll receive important documents and notifications at the email address that you provided. You'll need to be able to view PDFs. To receive paper copies, uncheck the box(es). Statements & Account Documents Trade Confirmations Shareholder Materials Tax Forms Checks and debit card Step 13: Add Optional Trading Features Would you like to add these trading features? You can also add trading features after your account is opened. Margin You should only add this feature if your trust document specifically allows you to have a margin account. A margin account allows you to borrow against your eligible securities so you can purchase additional securities, sell short-term financing, or use the account as a source of overdraft protection. Margin benefits and risk Would you like to make this a margin account? Yes No Step 14: Agree to Terms and Certify Trustee Authority Agree to our terms and conditions We can start to review your application after you agree to our terms and conditions. Agreements with Charles Schwab & Co., Inc. Trustee Certification Authority, ownership, and control over trust assets By checking the checkbox, each Trustee certifies that no other person or entity other than the Trustee(s) has the authority to control, manage, or direct the Account. Each Trustee further certifies that this Account has not pooled the holdings of more than one beneficial owner whose identity has not yet been disclosed to Charles Schwab & Co., Inc. ("Schwab") in which the beneficial owner has the ability to effect transactions. By checking this checkbox, I certify that the preceding information regarding the ownership, and control over trust assets is true and correct.