Estate planning at Marcus

No. The Marcus Deposit Account Agreement states that Marcus offers accounts only to natural persons, and that accounts may not be opened in the name of a trust or other legal entity, or by a fiduciary such as an executor, conservator, guardian, or trustee. The Marcus FAQs confirm it does not offer trust or custodial accounts at all. A trust cannot even be named as a POD beneficiary — only natural persons who are U.S. citizens or legal permanent residents — and Marcus reserves the right to remove a POD designation that does not meet its requirements. The restriction extends to external accounts, which may not be trust accounts when you link them to Marcus. There is no exception form. If a funded trust is the goal, hold that cash at an institution that permits trust-titled deposit accounts and use Marcus only with individual POD beneficiaries. One nuance for settlement: although a fiduciary cannot open or maintain a Marcus account, Marcus says it may allow an appointed fiduciary to ACCESS an existing account, subject to that fiduciary's verified rights.