Minor Accounts In-Depth
May 14, 2024
Live Webinar:
DateMay 14, 2024Duration90 minutes
12:00 PM PDT01:00 PM MDT
02:00 PM CDT03:00 PM EDT
- Unlimited connections for your institution
- Available on desktop, mobile & tablet
- Take-away toolkit
- Presenter’s contact info for questions
On-Demand Webinar:
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
The signature card reads “Johnny Jones by Mother Jones.” What does that mean exactly?
Does Johnny have any rights to
the funds in the account? Who has to endorse the checks? If you have ever been
confused about a minor’s account, you are not alone! Clear the confusion
cobwebs and get crystal clarity about how to deal with minor accounts. Gain the
confidence you need to handle these (sometimes sticky) situations.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Determine who has authority over an UTMA
- Understand when minors can own and have equal rights to an account
- Explain which accounts minors have access to on their own
- Distinguish between minor accounts and accounts held in trust for a minor
- Describe the different types of minor accounts and their uses
WEBINAR DETAILS
There tends to be many questions surrounding minor
accounts. When can a minor open an account? Is it required/prohibited to have
an adult on the account as well? Can a minor withdraw from an account in their
name? What if the custodian has not disbursed the UTMA funds and the minor is
now 18? Confusion abounds with these and other questions. This webinar will
sort out the truths from the myths and provide greater clarity and certainty
for those establishing and maintaining these accounts.
WHO SHOULD ATTEND?
This informative session will
benefit new accounts personnel, tellers, financial services representatives,
auditors, and compliance staff.
TAKE-AWAY TOOLKIT
- Model language for different types of minor accounts
- Minor account cheat sheet
- List of internet resources
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Compliance Plus, Inc.
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