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Opening Trust, Fiduciary, and Minor Accounts Webinar

Formal, Informal, Revocable, Irrevocable, Minor Custodial Accounts, Guardianship, Conservatorship – what does it all mean?  It never fails to raise the panic level when someone dumps a binder full of legal trust documents on your desk or presents the financial institution with court documents.  This two hour webinar will delve into the responsibilities of collecting the correct documentation, titling the account correctly, choosing the correct ownership and allowing proper access to the account.

Covered Topics:

• How should a POD or ITF trust account be titled in order to create the informal trust account?
• What are the six pieces of information required to create a formal trust account?
• How do we know which Taxpayer Identification Number to use on the trust account?
• What is the difference between a Uniform Transfer to Minors Act Account and a “minor by” custodial account?
• What are the most important elements of court-ordered guardianship or conservatorship documents?
• How do the new FDIC rules affect trust accounts?

You are encouraged to have a copy of your account agreement and signature card handy to reference during the webinar.

Who Should Attend?

All customer contact personnel, supervisors and officers whose responsibilities include opening or managing new accounts and certificates of deposit.  Excellent for supervisors or officers who have recently assumed the responsibility of the new account area but have never actually worked in new accounts.  Internal Auditors and Compliance Officers will find the information exceptionally beneficial as well.

Instructor:  Patrice M. Konarik, CFP®, president and founder of Sunwest Training Corp.

Schedule and Registration Information

Choose the delivery type that best suits your needs.  Tuition includes textbook (if applicable).
Webinar times are EST.  All other class times are local time.

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