Demystifying Trusts: A Guide to Establishing Deposit Accounts and Loans
Financial institutions are required to complete transactions for customers who have created revocable and irrevocable trusts. To protect your financial institution’s interests when using these documents, it is imperative to understand the basic do’s and don’ts.
This presentation will provide best practices for dealing with these complex legal documents, including establishing the relationship, changing titles, and performing loan and deposit transactions. We’ll also cover what happens when the trust co-owns an account with another trust or person. This webinar does not provide detailed information on any particular state’s laws.
What You’ll Learn
Who Should Attend
Financial institution employees involved with opening new accounts, deposit or loan documentation, and operations will find this webinar valuable.
