Hi all,
Long time surfer and now a new member 1st post. I searched this topic and cannot find an answer - apologies if it has been covered.
I wish to fund a newly opened IBQR taxable account with a partial ACATS transfer from Vanguard taxable. The transfer will be like in kind VTI holdings. I have a named beneficiary on the Vanguard account which does not have Transfer on Death (TOD designation) on the account name. Prior to initiating the transfer, I have requested a beneficiary (same person) be added at IBQR. Apparently IBQR will rename the account adding the beneficiary on the account name i.e. "Account Holder TOD Jane Doe". Question: Will the TOD account designation at IBQR cause a name mismatch between accounts resulting in an ACATS failure? I would think not but would like to confirm - thanks everyone
Long time surfer and now a new member 1st post. I searched this topic and cannot find an answer - apologies if it has been covered.
I wish to fund a newly opened IBQR taxable account with a partial ACATS transfer from Vanguard taxable. The transfer will be like in kind VTI holdings. I have a named beneficiary on the Vanguard account which does not have Transfer on Death (TOD designation) on the account name. Prior to initiating the transfer, I have requested a beneficiary (same person) be added at IBQR. Apparently IBQR will rename the account adding the beneficiary on the account name i.e. "Account Holder TOD Jane Doe". Question: Will the TOD account designation at IBQR cause a name mismatch between accounts resulting in an ACATS failure? I would think not but would like to confirm - thanks everyone
Statistics: Posted by Fire_55 — Mon Aug 05, 2024 4:52 pm — Replies 0 — Views 20