Revocable trust beneficiary for Capital One.
I have a few Capital One CDs and high interest rate savings account and they do not allow the beneficiary to be my revocable trust. Any suggestions?
Terry Says
You’ll need to open the next CD in an account titled in the name of your RLT. So when this one matures, you can do that by starting the process of opening an account now. You’ll need the documentation pages of your RLT — NOT the entire trust plan. Your attorney should give you several copies. And since there is no maturity date on the high interest savings account, you can open a new one of those in the name of the RLT immediately and move the money.
Your RLT account uses your SS number.
