TRUST broker Accounts

Charles Schwab Account Type

　　Charles Schwab offers a variety of trust accounts, including the Schwab One® Trust Account, which is designed to help manage and protect assets for beneficiaries. This account is available for estates of any size and most types of trusts, providing features similar to the regular Schwab One® brokerage account. Key benefits include zero monthly service fees, no account opening minimum, and commission-free online trading for listed stocks and ETFs. Additionally, it facilitates the easier management and distribution of assets after the account holder's passing.

Charles Schwab Broker Account Opening Process

　　To open a Schwab One® Trust Account, follow these steps:

• Gather Required Information: Before starting the application, ensure you have the following:
• Social Security number
• Driver's license number
• Employer's name and address (if applicable)
• Statement information for any funds you wish to transfer
• Contact information, birth date, and Social Security number of each trustee
• Complete the Application:
• For revocable trusts (e.g., living trusts), you can use the online application.
• For other types of trusts, download the Schwab One Trust Account application from their website.

• 　　Submit the Application: After filling out the application, submit it online. You will receive your account number once your application is completed and approved.

• 　　Access Your Account: Use your account number to log in to schwab.com and manage your account.

　　For more information, visit Charles Schwab Trust Account