Opening New Accounts: Documentation and Compliance – Fiduciary, Trust and Estate Accounts

This is for Part 3 only. View Series Pricing.

This two-hour webinar will delve 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.

What You’ll Learn
What’s the difference when opening a Revocable or Irrevocable Trust?
Living Trusts – Why so Popular?
Learn how Fiduciary accounts create an element of risk if not handled properly.
How to handle an account when the actual owner of the funds is not present.
Responsibilities for collecting appropriate documentation.
When to use an SSN vs. an EIN.
Allowing proper access to Fiduciary accounts not only during life but also at the death of a Fiduciary.
How to handle more complex scenarios when opening a trust or fiduciary account,
How to manage the more challenging questions customers and employees ask. ”

Who Should Attend
Customer contact personnel, supervisors, and officers whose responsibilities include opening or managing new accounts. Personal Bankers, BSA Officers, Deposit Operations, Branch Administration, CIP Managers, Training and Business Development Officers, Internal Auditors, and Compliance Officers will find the information extremely beneficial. Lending assistants and officers will find the information informative, and at least 85% of this information also impacts the lending area.

Instructor Bio

Suzie Jones
With over 40 years of banking experience, Suzie has a reputation as being extremely knowledgeable and high-energy with a unique ability to take technical information and make it interesting and applicable. After 22 years, Suzie recently retired as an Executive Vice President from a large regional bank where she provided overall leadership and risk management to the $11B Investments Division. For decades Suzie opened new accounts, managed new account teams, and provided hands-on input and leadership to the AML and BSA Committees within the bank. Suzie has a passion for sharing technical knowledge and lessons learned to provide risk management and promote excellence in the workplace. She partners nationally with individual banks, credit unions, private companies, small boutique firms, and provides training for 13 state bank associations.

Registration Options

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD  + $140
    • Additional Live Access + $75 per person
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Date

Nov 16 2022

Time

10:00 am - 12:00 pm

Cost

$279.00

More Info

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