Hi,
My wife and I recently formed a revocable living trust, and we are in the process of moving our assets into that trust. Each of us have an individual brokerage account with some assets (RSUs), and we also have a joint brokerage account where we do some additional investing (basic stuff like ETFs).
We now created a new living trust brokerage account, where we are owners of the account as trustees of our trust. We want to move the assets from our joint account, as well as each of our individual accounts, into this new trust brokerage account.
Will moving these investment assets into our trust account trigger a taxable event or change the cost basis for our securities?
And more broadly, are there any tax implications of moving assets from our individual accounts into trust accounts?
Thanks!
Alex
