T-bills in Revocable Living Trust
What are the pros and cons of setting up t-bills in the name of a revocable living trust? I have a revocable living trust, but having been buying 13 and 26 week t-bills without putting in the trust. 😳
Terry Says
You need to open a separate bank account for your RLT and a new separate TreasuryDirect account using your same SS number for the RLT account in TD.
There’s no point in having a RLT if you don’t USE it! As the current bills mature, move hte money into your new trust bank account and buy T-bills out of that account!
Other wise at death — or if you had a stroke — it will be very complex for your family.
