Wednesday
Jun 27
2018

New Accounts Series:
Opening Trust Accounts: Compliance, Documentation, Signing Authority & Deposit Insurance Issues

Registration Options & Pricing

Please select your membership status.


Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available 6 business days following Live date
  • Available for 6 months following Live
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Trust accounts can be simple or complicated, depending on the purpose. Setting up these fiduciary accounts properly can avoid problems later. Who can open, close, or transact on the account? Which taxpayer identification number should be used? What are the rights and responsibilities of parties to the trust? When a check is presented to open a trust, to whom should it be payable? From informal and formal trusts to UTMAs and everything in between, the requirements for properly establishing and maintaining these accounts will be addressed during this webinar, including a comprehensive overview of deposit insurance coverage for federally insured institutions.

Continuing Education:   Attendance verification for CE credits upon request

Save with this series!

HIGHLIGHTS

  • Difference between revocable and irrevocable trusts
  • Categories of fiduciary accounts: trusts, estates, powers of attorney, guardianships, conservatorships, UTMAs, representative payees, and VA federal fiduciaries
  • What fiduciaries can and cannot do regarding accounts and transactions
  • Common mistakes that can cause future complications
  • Circumstances where a fiduciary’s authority may be terminated
  • How deposit insurance is calculated

  • TAKE-AWAY TOOLKIT
    • Cheat sheet for fiduciary account set-up (titling, tax ID, etc.)
    • Links to online resources for fiduciaries and financial institutions
    • Due diligence checklist
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This informative session is designed for new accounts personnel, tellers, service representatives, call center staff, compliance officers, and auditors.

 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER

Compliance Plus, Inc.
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