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

Jun 26, 2018 03:00pm -
Jun 26, 2018 04:30pm
As we transition to a new online membership platform, CBAO will not be processing online orders from September 21-30. Please call our office at (614) 846.8124 to register for a webinar or an event. Thank you!

A list of upcoming events is presented below:

Event Description

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.


  • 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

Attendance verification for CE credits provided upon request.

Who Should Attend?

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

Registration Options:

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.

Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on Apr 20, 2018.
Regular registration starts on Apr 21, 2018 and ends on May 26, 2018.
Late registration starts on May 27, 2018.
(GMT-05:00) Eastern Time (US & Canada)


Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00
 Recorded Webinar + Free Digital Download
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live Webinar and Recorded Webinar + Free Digital Download
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00