Many accountholders use trusts to plan for their estate, family, taxes, etc. When opening these special accounts, you need to know about proper documentation, CIP, and account card responsibilities. You must also understand the trustee(s) authority and duties and your credit union’s responsibility and liability. This webinar will cover standard trust-opening procedures and many questions that arise as trusts and accountholder situations change.
What is the difference between an informal and formal trust?
How is CIP (Customer Identification Program) accomplished on a trust?
How are account card contracts styled and what disclosures are given?
Is there a difference in how the account is opened depending on whether a trust is revocable or irrevocable? Whose TIN is used? Does it matter?
Who are the key players in a trust?
What happens if a trustee dies? What documentation is needed and what happens if the trust becomes irrevocable?
Who is the payee when depositing, opening, or closing a trust?
Can there be a power-of-attorney with a trust?
What happens if a trustee’s name changes?
What if a financial institution closes? How is the trust insured?
How can a trust be set up with an existing accountholder?
Should a trust have joint owners on the account?
Can you have two trusts in one account set-up as joint WROS?
Can trusts be amended, changed, or revoked? What paperwork is involved?
WHO SHOULD ATTEND?
This informative session will be useful for new account representatives, member service representatives, branch administration, branch operations, branch managers, and anyone who opens trust accounts or handles trust transactions.
ABOUT THE PRESENTER – Deborah L. Crawford, gettechnical inc
Deborah Crawford is the President of gettechnical inc., a Baton Rouge-based firm, specializing in the education of financial institutions across the nation. Her 27+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.
Debbie specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.
PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.
THREE REGISTRATION OPTIONS
1. LIVE WEBINAR
The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
2. ON-DEMAND WEB LINK** AND FREE CD ROM*
Can't attend the live webinar? The ON-DEMAND WEB LINK** is a recording of the live event including audio, visuals, and handouts. We even provide the presenter's email address so you may ask follow-up questions. Approximately 1 week prior to the webinar, you will receive an email with the web link. This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date. But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the on-demand link or this "off-the-shelf" training program for those that could not attend the live seminar and for future training.
3. BOTH LIVE WEBINAR AND ON-DEMAND WEB LINK** (INCLUDES FREE CD-ROM*) Includes options 1 and 2 above
*CD Rom for PC use only
**All materials are subject to copyright and intended for your credit union's use only.
NEW! Listen on your iPad, iPhone, or Android. Instructions will be emailed to you with the on-demand link.
$199.00 Webinar per connection
$199.00 Archived On-Demand Web Link & Free CD ROM
$249.00 Both Live Webinar & Archived On-Demand Web Link & Free CD ROM
TIME: 3:00 p.m. - 4:30 p.m.
To register and pay by check, email firstname.lastname@example.org and your credit union will be invoiced. To register and pay online, click here.