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Financial Planning / Tax Strategies


Subject:  Re: Need tax consequences advice please Date:  1/28/2013  3:35 PM
Author:  TMFPMarti Number:  117571 of 132811

I do have a PMA account at Wells Fargo. If I chose to have a Wells Trade account like I have seen mentioned on the discussion boards here, would there be any advantage to having such account in my own name and SS number instead of in the trust name and EIN?

Or should I keep all my investment accounts only in the trust with the EIN because that is what I have now?

We have to settle the basic issue of what kind of trust it is before this question can be answered. Do you have your own attorney separate from the one(s) who drew up the trust documents? Might not be a bad idea.

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