Millions of children now have a Trump account, whether their parents intended to open one or not, after the Treasury Department announced that it auto-enrolled eligible children. That said, there are still actions parents need to take to claim the account and manage it according to their preferences.

Kitces.com Senior Financial Planning Nerd Ben Henry-Moreland joins us to break down what auto-enrollment, along with a separate change allowing philanthropic contributions of individual securities to Trump accounts, means for families and their advisors. Listen in to learn why parents might consider claiming their child's account even if they don't plan to contribute to it themselves, how donated stocks could affect investment risk and diversification, and the role advisors can play supporting clients amidst these new rules.

For show notes and a full episode transcript, visit: www.kitces.com/FAT13     

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