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I want to know if there is something in the form of a trust fund. To save money for my child or give as a gift to someone. I know about the regular savings account, but I want something more along the lines of something they can't touch until a certin age or to be used with specific instructions.
October 20, 2014 12:25:31 PM
6 people recommended this |
In reply to Angel, vineland
Thanks for checking out TD Helps today, Angel! We'll be happy to tell you more about trust accounts.
Generally, a Trust is governed by the terms of a written trust document, and the Trustee or Trustees are obliged to administer the trust in accordance with both the terms of the trust document and the law. As all trustees are authorized signers on the account, it would be the trustee's responsibility to ensure that funds are being used in compliance with the terms of the trust.
We recommend reviewing the terms of these accounts with a Banking Specialist at a TD Store location near you. Please see http://bit.ly/TDStores to find your local Store locations and the lobby hours. Based on your inquiry we would recommend sitting down with a Specialist to discuss your specific needs and wants, that way we can make sure we are assisting you with your best possible account options.
If you would like, one of our Specialists can establish an appointment at your preferred TD Bank Store for you during your call. Our dedicated 24/7 Customer Service Representative can be reached at 1-888-751-9000.
Colleen B, Mount Laurel
October 20, 2014 12:26:18 PM