Allowing non-owner transactions in IRA
Can I as owner of an IRA designate someone else (step-son) to make transactions/trades? If so, what kind of document needs to be in place to allow his financial advisor to communicate with him rather than me.
Can I as owner of an IRA designate someone else (step-son) to make transactions/trades? If so, what kind of document needs to be in place to allow his financial advisor to communicate with him rather than me.
Permalink Submitted by Alan Spross on Fri, 2008-02-08 02:28
A “Trading Authority Form” or equivalent can be completed. For example, the Fidelity form offers two levels of authority, “limited” and “full”. Expect a bank signature guarantee or notary requirement.