Transfer accounts or assets to a Living Trust: Trust Letter to Bank or Broker
What is a Trust Letter to Bank or Broker?
If you want to transfer accounts or securities to a living trust, filing a Trust Letter to Bank or Broker can get the process started. Maybe you want to transfer a checking or savings account into your living trust - or perhaps you're moving stocks or a brokerage account. No matter what you need to transfer, our Broker Trust can help you get it done.
You might have a lot of investments and accounts and when you want them transferred to your living trust, a Trust Letter to Bank or Broker can help. You'll probably need additional documentation from your broker or bank about how to make the broker trust transfer - and these kinds of things need a cover letter of sorts; that's where Rocket Lawyer can help. You'll likely need to clearly state your wishes: what's being transferred, who has the authority to do so, and which accounts are you transferring? When you're dealing with money and investments, it's best to be official and play it safe. Including a Trust Letter to Bank or Broker is a good way to clearly articulate your needs.
When to use a Trust Letter to Bank or Broker:
- You're transferring accounts, investments, or securities to a living trust.
- You want to transfer checking or savings accounts.
- You'd like to transfer stocks.
Have questions about your Trust Letter to Bank or Broker?
Whether you're preparing your Trust Letter to Bank or Broker, reviewing one someone sent you, or just want to understand it better, here's how to get help.
- Understand what it says or review it. Use our AI legal assistant to ask questions about your Trust Letter to Bank or Broker, understand what it says, and spot anything that may need a closer look.
- Ask an attorney a question. Connect with an attorney for legal information, with a written answer within one business day or a live consultation.
- Get advice on what to do. For privileged, confidential advice about your specific circumstances and next steps, book a Legal Advice Session with an attorney.
Sample Trust Letter to Bank or Broker
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The purpose of this letter is to request that you transfer the above
In lieu of providing to you a certified copy of the entire trust document, make the following declaration:
| 1. | The is in full force and effect and has not been revoked, modified or amended with respect to any of the provisions described in this Letter, including provisions regarding the identity or the powers of the trustee(s). |
| 2. | Attached to this Letter and incorporated by this reference are pages of the Trust which evidence the (a) declaration of trust, (b) order of trustees, (c) powers granted to the trustees regarding their ability to purchase and sell securities, and otherwise invest and reinvest trust assets, and (d) signature page. |
| 3. | The currently-acting trustee of the trust (all of them, if more than one) have signed this Letter below. |
| declare that the foregoing statements are true and correct under penalty of perjury. |
____________________________________
STATE OF
COUNTY OF
DISTRICT OF COLUMBIA
and , as Grantors. as Grantor.| Notary Address: | ____________________________________ |
____________________________________
____________________________________
____________________________________
STATE OF
COUNTY OF
DISTRICT OF COLUMBIA
On this _____ day of ____________________, _____, before me personally appeared
____________________________________
Notary Public
____________________________________
Title (and Rank)
My commission expires ________________
| Notary Address: | ____________________________________ |
____________________________________
____________________________________
____________________________________
| Notary Address: | ____________________________________ |
____________________________________
____________________________________
____________________________________
STATE OF
COUNTY OF
On this _____ day of ____________________, _____, before me personally appeared
____________________________________
Notary Public
____________________________________
Title (and Rank)
My commission expires ________________
| Notary Address: | ____________________________________ |
____________________________________
____________________________________
____________________________________
On this _____ day of ____________________, _____, before me personally appeared to me known to be the person described in and who executed the foregoing instrument as Grantor, and acknowledged that he or she executed same as his or her free act and deed.On this _____ day of ____________________, _____, before me personally appeared and , to me known to be the persons described in and who executed the foregoing instrument as Grantors, and acknowledged that they executed same as their free act and deed.
STATE OF
COUNTY OF
On this _____ day of ____________________, _____, before me personally appeared
____________________________________
Notary Public
____________________________________
Title (and Rank)
My commission expires ________________
On this _____ day of ____________________, _____, before me __________________________________, personally appeared , known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument and acknowledged that he or she executed the same as Grantor for the purposes therein contained.On this _____ day of ____________________, _____, before me __________________________________, personally appeared and , known to me (or satisfactorily proven) to be the persons whose names are subscribed to the within instrument and acknowledged that they executed the same as Grantors for the purposes therein contained.| Notary Address: | ____________________________________ |
____________________________________
____________________________________
____________________________________
STATE OF
COUNTY OF
On this _____ day of ____________________, _____, before me personally appeared
In witness whereof I hereunto set my hand and official seal.
____________________________________
Notary Public
____________________________________
Title (and Rank)
My commission expires ________________
| Notary Address: | ____________________________________ |
____________________________________
____________________________________
____________________________________
and and and and andOwner:
| _____ | . |
| _____ |
| _____ |
| * | To request the bank or brokerage firm to transfer another account or security to your trust. |
| * | To request another bank or brokerage firm to transfer your account or security to your trust. |
| * | To request a corporate secretary to transfer another closely-held stock to your trust. |
