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?"