Customer AccountsPregunta 74 de 110
To open a brokerage account in the name of a trust, the firm must obtain:
a.Only the trustee's Social Security number
b.The trust agreement or a certification of trust identifying the trustee and the trustee's powers
c.A court order appointing the trustee, in every case
d.Written consent from every trust beneficiary
Explicación
The firm needs documentation establishing who the trustee is and what investment authority the trust grants before accepting instructions. A personal Social Security number is not sufficient because the trust is a separate legal entity with its own tax identification number. Court appointment and beneficiary consents are not routinely required for a properly documented trust.
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