How do I transfer an existing asset into my AET account? – American Estate & Trust

Transferring an existing asset into your American Estate & Trust (AET) Self-Directed IRA (SDIRA) requires specific steps to ensure compliance with IRS regulations and AET policies. Below is a step-by-step guide to completing the transfer process.

Eligible Asset Transfers

You can transfer various assets into your AET SDIRA, including:

Cash (for funding investments)
Real Estate (residential, commercial, or land)
Private Placements (equity or debt investments)
Precious Metals (gold, silver, platinum, palladium)
LLC Interests (membership in limited liability companies)
Private Loans (issued to individuals or companies)
Private Stock (non-publicly traded shares)

Note: Some assets, such as cryptocurrency, may have specific restrictions.

Step-by-Step Transfer Process

1. Submit Asset Documentation for Approval

Before initiating a transfer, submit supporting documentation for all assets (except cash) to transfers@aetrust.com for review.
Documentation should include asset descriptions, valuations, statements, and any relevant agreements.

2. AET Asset Review & Approval

AET will assess the documents to confirm that the asset complies with SDIRA regulations.
If approved, AET will communicate the decision to the account holder or their advisor.

3. Complete & Submit the Transfer Request Form

After approval, complete the AET Transfer-In Request Form with details about the asset.
Create a Transfer-In Review in the AET Online Portal, upload the signed request form, and provide any additional required documents.
If required by the current custodian, obtain a Medallion Signature Guarantee.

4. AET Sends the Transfer Request to External Custodian

AET submits the transfer request to the external custodian to initiate the asset movement.
A Letter of Acceptance (LOA) may be generated if required by the current custodian.
The asset is added to your AET account with a “Waiting for Receipt” status.

5. Asset Receipt & Processing

Once the asset documentation has been received, AET verifies ownership and updates your SDIRA.
Confirmation of the transfer is provided upon request.
The asset status will be changed to “Received” in your account.

Compliance Considerations

Prohibited Transfers: Assets involving disqualified persons or prohibited transactions will not be accepted.
Titling Requirements: Assets must be titled in the name of the SDIRA (e.g., Client Name, legal owner via non-trust custodial IRA with AET).
Prohibited Custodians: AET does not accept transfers from Pacific Premier Trust or Pensco.

Monitoring & Support

Regularly check the transfer status in the AET Online Portal and promptly respond to any requests for additional information. If you have questions, contact AET Support for assistance.