A Trust account allows the account owner to transfer assets to one or more recipients, called trustees, who hold legal title to the transferred assets and manage the assets for the benefit of the owner or other named beneficiaries. TD Ameritrade offers legally established taxable living, revocable, irrevocable and testamentary trusts. They must already have the trust created by an Attorney and then they may open a brokerage account with TD Ameritrade.
- Cash, Cash and Margin, Cash and Option; Cash, Margin and Option
- There is no minimum funding required to open an account.
Margin or option privileges on account require a minimum of $2,000Open New Account