Trump Accounts generally remain open until the beneficiary reaches age 18. In limited circumstances, an account may be transferred or closed.

A Trump Account remains active and may be issued a new account number in the following circumstances:

• Change in responsible party. To help protect your child’s account, a new account number will be issued when responsibility for the account changes. This helps ensure the previous responsible party can no longer access the account.
• Transfer (rollover) to another authorized Trump Account trustee (when available).

A Trump Account may be closed only in limited circumstances, such as:

• Death of the beneficiary
• Rollover to an ABLE account
• After the beneficiary reaches age 18, the assets in the account are transferred to a traditional IRA, at which point the Trump Account is closed.
• Accounts with a $0 balance can be closed when child turns 18

Unfunded Trump Accounts generally remain open so they can receive potential future contributions. If an account still has a $0 balance when the beneficiary reaches age 18, the account can be closed.