Ask Terry Questions Trust vs JT WROS

Trust vs JT WROS

By Terry Savage on January 29, 2024 | Financial Planning / Retirement

Tax wise: should a mutual fund be put in a trust or held as JT WROS and a beneficiary?

Terry Says

If you have a revocable living trust, all major assets should be titled in the trust — and that includes mutual funds held outside a retirement account. (Mutual funds inside a retirement account should have a named beneficiary.)

And if you don’t understand the concept of a Revocable Living Trust, watch this video.

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