MRG
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Apr 9, 2013
- Messages
- 11,079
No they don't do trusts*, they follow the rules of the trust as it and the state laws stipulate. As far as I know the only thing Vanguard or whomever needs to do is register the account properly including the beneficiaries. This is generally covered in the third day of training at organizations that do this type of work. [emoji854]I still am at a loss for what Vanguard is doing in regards to trusts. Are they actually doing trusts for people? If so, I would be real leery of that approach, since trusts are very specific to each individual situation, state, etc, and should be done between the person(s) setting up a trust and a lawyer who specializes in this area. After that you merely change the beneficiary on your Vanguard accounts to read the official trust name. Basic question - what are people looking to Vanguard to do beyond what I have stated. Thanks.
* the trust department may do them for ultra high net worth people or organizations but OP has said nothing to indicate that is their situation.
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