What evidence do I need to provide to prove that my US revocable trust is accredited?

Revocable trust accreditation requires that

  • All grantors are of their individual accredited status per the criteria outlined here, or
  • The trust has $5M in total assets.

There are 3 types of evidence we can accept, outlined below. 

1. Accreditation by Assets

To qualify, the trust must have $5M USD in total assets. 

  • Preferred forms of evidence include, but are not limited to:
    • Bank account statements (please note that we are not able to accept balance letters).
    • Brokerage statements.
    • CPA-audited financial statements in the name of the entity.
  • We can consider private equity holdings if we receive recent evidence of ownership alongside a 409A valuation dated within the last 12 months.
  • We can accept crypto holdings, provided the trust name is listed on the evidence.

 

2. Accreditation by “All Owners Accredited”

To qualify, each grantor must meet the criteria of an accredited investor individually.

 

3. Accreditation by Third-Party Attestation Letters (this is generally the fastest method for verification)

All attestation letters must contain the required language. We recommend using or reviewing our accreditation letter templates, or the linked DocuSign below.

Third-Party Attestation to Assets

The attestation to your revocable trust's assets must be dated within the last 90 days, and completed by one of the following: 

  • Licensed Attorney OR
  • SEC or state-registered Investment Adviser OR
  • FINRA member Broker-Dealer OR
  • Certified Public Accountant (CPA). This does not include IRS Enrolled Agents. 

A DocuSign PowerForm for a third-party attestation to the trust’s assets can be found here.

 

Third-Party Attestation to All Owners Accredited

The attestation that all owners are accredited must be dated within the last 90 days, and completed by one of the following: 

  • Licensed Attorney OR
  • SEC- or state-registered Investment Adviser OR
  • FINRA member Broker-Dealer OR
  • Certified Public Accountant (CPA). This does not include IRS Enrolled Agents.

Our accreditation verification process allows you to trigger an automated email to your verifier that is pre-populated with the required confirmation language for them to complete the verification. Alternatively, a DocuSign PowerForm for a third-party attestation that all owners are accredited can be found here

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