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Course/Product Description
Title:

Opening Trust And Minor Accounts: Documentation And Compliance Requirements

SKU:WC-1013486
Date / Time: Recorded
Format: Webcast
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Description:

Opening Trust And Minor Accounts: Documentation And Compliance Requirements

Formal, Informal, Revocable, Irrevocable, Minor Custodial Accounts - what does it all mean?

It never fails to raise the panic level when someone dumps a binder full of legal trust documents on your desk or wants to open an account in the minor's name and SSN. This two-hour webinar will delve into the responsibilities of collecting the correct documentation, titling the account correctly, choosing the correct ownership, and allowing proper access to the account.

The Following Issues Will Be Explored:

  • How should a POD or ITF trust account be titled in order to create the informal trust account?
  • What are the six pieces of information required to open a formal trust account?
  • How do we know which Taxpayer Identification Number to use on the trust account?
  • What is the difference between a Uniform Transfer to Minors Act Account and a "minor by" custodial account?
  • When can a minor access the funds in an account set up in his/her name.

Note: You are encouraged to have a copy of your account agreement and signature card handy to reference during the webinar.

Who Should Attend

All customer contact personnel and supervisors and officers whose responsibilities include opening or managing new accounts and certificates of deposit. Excellent for supervisors or officers who have recently assumed the responsibility of the new account area but have never actually worked in new accounts. Internal Auditors and Compliance Officers also will find the information exceptionally beneficial as well.

About The Presenter

Patrice M. Konarik is president of Sunwest Training Corp. founded over 20 years ago and is located in the Texas Hill Country near San Antonio, TX. She has over 30 years experience in the banking industry specializing in Deposit Accounts and IRAs, and is currently providing live training in these areas for many organizations on a nationwide basis.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

Licenses / Designations / Educational Credits:CCSR - Institute of Certified Bankers
All US States: 2.5
All Canadian Provinces: 2.5

CPB - Institute of Certified Bankers
All US States: 2.5
All Canadian Provinces: 2.5

CRCM - Institute of Certified Bankers
All US States: 2.5
All Canadian Provinces: 2.5
About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
More Info: Contact Us For More Information
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