Wednesday, July 11, 2012

Protecting CDs in Trust Accounts

There is a lot of misunderstanding about trusts.

In the video below, Dan Danford, CFP®, CRSP®, MBA, and Founder/CEO of Family Investment Center, answers this question about bank CDs and trust accounts:

"How do I purchase bank CDs and make sure they are protected in my trust account? I purchased one already, thinking that because I used trust fund money to buy it, it would be held in the trust. It isn't and I don't want to make the same mistake twice. Also, is there a way that I can move the existing CD into the trust without penalty?"

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