Getting Started FAQ

How do I open a self-directed IRA?

The process of opening a self-directed IRA with Quest Trust Company, Inc. is a very simple process. Just complete the application (Get your application here!) or contact one of our world famous IRA Specialists at 800.320.5950.

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How long does it take to open an account?

The Individual Retirement Account will be established within approximately 24-48 hours of receiving the properly filled out application.

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What are the different ways I can fund my Quest Trust Company Account?

  • Rollover/Direct Rollover : Rollovers can be done from employer plans or other IRAs. To avoid taxes or penalties, make sure the rollover is done within 60 days from the time you took the distribution.
  • Transfer: Transfers can be done to move funds over from like accounts. If you have an existing IRA at a different custodian, we can move the funds (cash & privately held assets) via transfer.
  • Deposit: Your IRA can be funded via annual contributions.

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How are my funds protected?

All un-invested funds are FDIC insured up to $250,000. All investments carry risk including loss of principal. For more tips on doing your due diligence, click here.

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What Fees Will I incur with my Self-Directed IRA?

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Who can I name as a Beneficiary to my IRA?

.A beneficiary can be any person or entity the owner chooses to receive the benefits of a retirement account or an IRA after he or she dies. Beneficiaries of a retirement account or IRA must include in their gross income any taxable distributions they receive.

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Will My Will or Trust Override Who I list As My Beneficiary?

Your will or trust will not override what is named on the beneficiary designation of your IRA. The only time a Will would control a non-probate asset is if no beneficiary is designated or the estate is named as the beneficiary.

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When Does My Spouse Need to Sign the Beneficiary Form?

If you do not list your spouse as 100 percent primary beneficiary AND you live in a community property state, your spouse must sign the spousal consent section on our Beneficiary Form.

If you live in Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington or Wisconsin and you have named your spouse as 100% Primary Beneficiary directly by name, your spouse does not need to sign the “Spousal Consent” signature section. Note: If you are naming a Trust 100% Primary and your spouse is the trustee, your spouse does need to sign.

If you do not live in Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington or Wisconsin; regardless of what your beneficiary is, you do not need to have your spouse sign the “Spousal Consent” signature section.

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