Opening New Accounts – 3 Part Series: Part 3
Opening New Accounts Part 3: Trust and Fiduciary
This two-hour webinar delves into the responsibilities of collecting appropriate documentation, providing ownership options, titling accounts correctly, and allowing proper access to trust, fiduciary, and minor accounts not only during lifetime but at the death of a signer as well.
- Defining Trustee, Personal Representative, and Fiduciary Roles and Responsibilities
- TIN Compliance for Trust, Minor and Fiduciary Accounts
- Proper Account Titling
- Formal vs. Informal Trust Comparison
- Key Questions to Ask When Setting Up Trust Accounts
- Six Pieces of Required Information For all Trust Accounts
- Revocable vs. Irrevocable Trust Accounts
- Payable on Death (POD)
- As Trustee For, In Trust For, Totten Trusts
- Minor Accounts
- Court Ordered Accounts
- Roles and Responsibilities of a Personal Representative
- Understanding Estate Accounts
- Guardianship/Conservator Accounts
- Social Security Representative Payee
- Veteran’s Affairs Fiduciary
What You’ll Learn
Who Should Attend
Customer contact personnel, supervisors, and officers whose responsibilities include opening or managing new accounts, as well as Personal Bankers, BSA Officers, Deposit Operations, Branch Administration, CIP Managers, Training and Business Development Officers, Internal Auditors, and Compliance Officers will find the information beneficial. Lending assistants and officers will find the information informative as well.
