Brokerage Accounts for Trusts
  • Living Trust Account
    An account generally opened in the name of the trustor (a person or family), based on a trust that is operative while the trustor is still alive. 
  • Fiduciary Trust Account
    An account established by a bank or trust organization on behalf of a client participant wherein Schwab acts as the custodian of the assets and the broker of record. Usually IRAs, QRPs, or pension trusts. 
  • Testamentary Trust Account
    An account created by a last will and testament, opened in the name of a trust.