The trusts we support
Yield will allow you to set up an account for both revocable and irrevocable trusts that are authorized to invest in stocks. The trust must be a U.S. domestic trust and be in good legal standing. The minimum account value for Trust Accounts is $5,000.
With this type of trust, a grantor or originator maintains control of the trust until their passing. Only after death do the assets transfer to the beneficiaries.
This type of trust offers enhanced protection from future creditors and other financial threats, with the downside being less control for the originator.
The benefits of establishing a trust
A properly constructed trust can help protect your legacy from financial complications, such as creditors, mismanagement, and estate taxes.
Trusts can help plan and direct how your estate will be handled after you die, including reducing estate taxes and preventing probate.
A trust can be used to financially plan for loved ones who cannot manage their assets by themselves due to a medical condition.
During probate, the state settles all affairs publicly. Establishing a trust can help prevent your assets from becoming public in the event of your passing.
How to set up a Yield Trust Account
Establish your trust
Most trusts are established with the assistance of an estate planning or family attorney.
Open your Yield Account
You'll need an existing account in order to set up a Trust Account. Sign up if you haven't already joined Yield
Complete all forms
Have your trust agreement on-hand as well as other basic personal details when completing you paperwork
Once your Trust Account is established, you can set up your portfolio, fund your account, and begin investing.
What you need to know
Visit the Help Center
Details needed to open a Trust Account include a copy of the trust agreement, basic contact information, DOB, SSN, Tax ID for the trust, and employment info.
Trusts are more sophisticated, typically requiring a lawyer’s assistance to establish. They provide more flexibility and control for managing one’s assets beyond investing. A Custodial Account is much simpler to establish and used for a more defined purpose: investing and transferring assets to a minor.
A living trust is a legal arrangement you can establish during your lifetime to protect your assets and direct their distribution after death. Yield supports both revocable and irrevocable living trusts.
In addition to stocks and ETFs (like the ones that can be held at Yield), a trust can contain property, real estate, cash, businesses, and other assets. With a trust, you can define how and when the assets are distributed.
While it is possible to establish a trust without legal assistance, substantial legal knowledge is necessary. Establishing a trust becomes more complicated in proportion to the estate in question.