TreasuryDirect accounts
I have an individual Treasury Direct account. I want to make a purchase in my Trust. Do I need to open another account in the name of my Trust? I am sorry, I have not found an answer from Treasury Direct. Thank you!
Terry Says
Yes, you must open a separate account in the name of your revocable living trust– although it uses YOUR social security number. They typically don’t ask for supporting documents, although you might receive a request.
Of course, if you’re investing significant amounts of money you want to use your trust, so if something happens the money will be distributed according to your instructions. And individual account would have to go through probate.
