TradeStation
Subsidiary of TradeStation Group, Inc. (acquired by Monex Group, Inc. in 2011)
tradestation.comEstate planning and settlement at TradeStation
Name beneficiaries by mail, fund a trust by mail, and report a death
TradeStation has 14 investment accounts, each with different rules for what happens when the account holder dies. Of those, 10 can name a trust as beneficiary or be retitled into a trust. The right combination of beneficiary designations and trust ownership can keep the entire portfolio out of probate.
Beneficiary designations at TradeStation can be managed by mail. Trust funding is also available, allowing families to retitle brokerage accounts into a trust.
TradeStation has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Beneficiaries and trust funding
How to fund a trust by mail, and review 14 account types at TradeStation.
Preparing your estate →Death claim process
Report the death to TradeStation's Account Services. The page lists the steps and the documents to send.
When someone dies →Frequently asked questions
No. TradeStation states on its contact page that "Check withdrawals have been suspended indefinitely" and that funds can be sent or received by Smart Transfer (ACH) and wire transfer. Proceeds paid to an estate or a TOD beneficiary leave TradeStation by ACH or wire to a bank account in the recipient's name.
TradeStation Securities does not serve as a custodian for IRA accounts. Equity Trust Company is the directed trustee for Equities IRAs and the custodian for Futures IRAs. On the Beneficiary Change Form - IRA Accounts (Equities), a trust can be named if you attach a legal opinion advising that the trust adheres to IRS Publication 590; TradeStation's FAQ answers "No" to naming a trust and then states that it requires that legal opinion. Beneficiary changes on Alternative Investment Accounts, such as a Futures IRA, are made with the custodian.
Sources
Data sourced from TradeStation primary sources (25 pages reviewed). How we research.
TradeStation customer support
Client Experience & Technical Support
Phone
Toll-free
Trade Desk (stocks/options)
Equity Trust Company (IRA directed trustee/custodian)
Hours
Mailing address
Website
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