Opening Trust Accounts: 
Documentation, Authority, Liability
WEBINAR OR ON-DEMAND WEB LINK 
(LINK INCLUDES FREE CD ROM)


Thursday,
August 11, 2011

12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern

Meet the Presenter

Deborah L. Crawford, gettechnical inc

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Many members open trusts for family and estate planning purposes.  These trusts can range from simple pay-on-death or Totten trusts, to more complex living trusts or irrevocable family trusts.  Your staff must know how to set up the trusts properly, document for Customer Identification Purposes (CIP), and understand the trustees’ authority.  Learn more about these interesting legal arrangements and their account implications for your members. 

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  • Difference between an informal and formal trust
  • Tax identification numbers for formal revocable and irrevocable trusts
  • Understand the parties and rights of each on a trust
  • Account titling
  • What documentation should the trustee present?  Successor trustee?
  • Can the accountholder keep existing accounts or should they close and reopen?
  • Requests for powers-of-attorney on trust accounts
  • Can a trust can be the beneficiary of another trust?
  • Insurance issues on revocable and irrevocable trusts
  • What happens when a trustee dies, resigns, remarries?
  • Common errors in documentation, ownership, and styling

WHO SHOULD ATTEND?

This informative session will be useful for all new accounts representatives, anyone who interacts directly with accountholders, member service representatives, branch managers, trainers, and branch administration.