Estate Planning 101

How to Transfer a Firstrade Brokerage Accounts into a Trust

Navigate the process of transferring your Firstrade brokerage accounts into a trust seamlessly, ensuring your financial assets are efficiently managed and protected for the future with our in-depth blog post.
October 12, 2023

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A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary. Brokerage accounts, such as those held with Firstrade, can be transferred into a trust as part of your estate planning. This ensures that your investment assets are managed and distributed according to your wishes. This article will guide you through the process of transferring a Firstrade Brokerage account into a trust.

Understanding the Process

The process involves changing the ownership of the account from an individual's name to that of a trust. This requires the completion of necessary paperwork, submission of certain documents such as the trust agreement, and the provision of identification documents for the trustee.

Step-by-Step Guide on Transferring a Firstrade Brokerage Account into a Trust

  1. Setting up a Trust: Start by setting up a trust. This could be done through online platforms or with the help of an attorney for more complex cases.
  2. Gathering the necessary documents: Once the trust is established, gather necessary documents. These include a certified copy of the trust agreement, a document demonstrating the trustee's authority, and identification documents.
  3. Contacting Firstrade customer service or visiting their website: Next, inform Firstrade of your intention to transfer your brokerage account into the trust. This can be done by contacting their customer service or visiting their website. The Firstrade customer service number is 1-800-869-8800. They are available Monday to Friday from 8:00 AM to 6:00 PM ET.
  4. Completing the required forms and tasks: Firstrade will provide you with the necessary forms to facilitate the transfer. Ensure that these forms are filled out completely and accurately, as they may require notarization.
  5. Confirming the transfer and updating account information: Once the forms are submitted and processed, Firstrade will transfer the ownership of the account to the trust. Ensure you update your account information and verify that everything has been correctly processed.

Tips and Precautions

Here are a few tips to ensure a smooth transfer:

  1. Verify that all the information in your trust document is accurate and current.
  2. Retain copies of all documents and forms you submit to the brokerage firm.
  3. Ensure your trust has a Tax Identification Number (TIN), which is critical for tax purposes.

It's important to remember that when a brokerage account is transferred into a trust, the account is now owned by the trust, not the individual. Always consult with a legal or financial advisor to understand the implications.

The Role of Firstrade in the Transfer Process

Firstrade is committed to assisting its customers through the transfer process. The firm's representatives can guide you through the necessary steps, provide the required forms and documentation, and offer resources on trust management and estate planning to help you make informed decisions.


Transferring a Firstrade Brokerage account into a trust is an important step in securing your financial assets. It ensures that your investments are handled in accordance with your wishes and provides peace of mind for the future. Remember to seek professional advice throughout this process to avoid potential legal or financial pitfalls. Begin the journey of safeguarding your financial legacy today.