Can I Name My Trust as Brokerage Beneficiary? | NC

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Q: Can I name my revocable trust as the beneficiary of my brokerage account? A: Yes. Under North Carolina law, a brokerage account can often name a revocable trust as the transfer on death beneficiary, if the brokerage firm allows that type of registration and its forms identify the trust correctly. This means you usually keep control of the account during your life, and the trust receives the…