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.
Circumstances where a fiduciary’s authority may be terminated
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.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.