How to name beneficiaries and fund a trust at tastytrade
Covers 4 investment, and 5 retirement accounts — beneficiaries can be managed online
tastytrade, Inc., 1330 W. Fulton St., Suite 600, Chicago, IL 60607
Accounts Team (beneficiary, trust, and estate paperwork)
Accounts Team
tastytrade, Inc., 1330 W. Fulton St., Suite 600, Chicago, IL 60607
There are two ways to keep your tastytrade investment accounts out of probate: adding beneficiary designations and retitling eligible accounts into a revocable living trust. Which approach works best depends on the account type and your overall estate plan.
tastytrade has 9 investment accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
- Sign in at https://my.tastytrade.com
- Go to My Profile > Beneficiaries
- List one or more beneficiaries and set a percentage share for each
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- TOD is only accepted on domestic individual accounts and domestic joint with rights of survivorship (WROS) accounts. Joint tenants in common (TIC) accounts and international accounts cannot submit a TOD form
- TOD Beneficiary Designations are not available to residents in all jurisdictions, and TOD accounts are subject to receipt and acceptance by Apex Clearing Corporation
- No TOD designation is effected until all required documentation is received and accepted by Apex; Apex reserves the right to refuse, accept, or renew the designation and may terminate it at any time
- Spousal signature is required on the TOD form if the spouse and/or account holder reside in a community property or marital property state and the spouse is not an account holder or the sole primary beneficiary
- The beneficiary designation cannot be revoked or changed by will, codicil, trust document, or other testamentary document -- changes require a new Transfer on Death Beneficiary Designation Form
- Completed forms go to accounts@tastytrade.com or fax 312-724-7364; tastytrade does not process beneficiary changes over the phone
Sources
Data sourced from tastytrade primary sources (19 pages reviewed). How we research.
Download these tastytrade instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against tastytrade primary sources. Bring it to the branch or keep it beside the phone.
tastytrade, Inc., 1330 W. Fulton St., Suite 600, Chicago, IL 60607
Accounts Team (beneficiary, trust, and estate paperwork)
Accounts Team
tastytrade, Inc., 1330 W. Fulton St., Suite 600, Chicago, IL 60607
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