For those that have a Brokerage Account and a Trust, how do you have the Brokerage Account set up - Joint ownership, Single Ownership or as a Transfer-on-Death? We completed Estate Planning about 3 years ago and set up Wills & a Trust. About 1.5 years ago, I opened a Vanguard Brokerage Account. In reviewing all my accounts, I was surprised to see that I can't add Beneficiaries to a non-retirement account. I contacted our Estate Planning Attorney to ask whether we should make it a TOD account to the Trust and got an auto-reply that she closed her practice and moved to Europe!
Currently my husband (non-medical) and I have our Vanguard Brokerage Account as a joint account but I'm wondering if it's better to just put it in his name (less likely to be subject to creditors?) or change it to a TOD account for the Trust. Is there a simple answer or do I need to find a new Estate Planning Attorney to go over everything?
Currently my husband (non-medical) and I have our Vanguard Brokerage Account as a joint account but I'm wondering if it's better to just put it in his name (less likely to be subject to creditors?) or change it to a TOD account for the Trust. Is there a simple answer or do I need to find a new Estate Planning Attorney to go over everything?
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