That doesn't make sense. Trusts may have one trustee or more than one trustee. There's no limit on the number of trustees a trust may have....
Fidelity requires only ONE name (read trustee) for the “owner” of the trust account. As the members of the investment and beneficiary committees are individuals not corporations what is to prevent one member (read the secretary) from embezzling or fraudulently withdrawing funds from the account? That is why I want a corporation to be the owner (directed trustee) of the trust account.
From Fidelity Bold added:
Fidelity has the authority to accept instructions relative to the account from those individuals listed as trustees in Section 1. They may excute any documents on behalf of the trust that Fidelity may require, and each trustee may act independently.
Statistics: Posted by TenOC — Sun Aug 31, 2025 9:29 am — Replies 30 — Views 2014