Included Webinars

• Opening New Accounts Part I: Consumer Accounts
  
• Opening New Accounts Part II: Business Accounts
  
• Opening New Accounts Part III: Trust and Fiduciary

Opening New Accounts Part I: Consumer Accounts

April 30, 2024 | 2:30 pm - 4:30 pm EST

This two-hour workshop focuses on the risks, procedures, best practices, and compliance requirements for opening personal and consumer accounts.

What You'll Learn:

• 6-Step Account Opening Process
  
• TIN Compliance
  
• Personal Account Ownership Overview
  
• Personal/Consumer Account Difficult Scenarios
  
• Opening Accounts for Minors - UTMA
  
• Who Can Access An Account During Lifetime And At Death
  
• Power Of Attorney

Opening New Accounts Part II: Business Accounts

May 1, 2024 | 2:30 pm - 4:30 pm EST

This two-hour webinar examines not only the documentation requirements on business entities available in most states but also provides clarity on how to identify who has the authority to open and transact on behalf of the entity.

What You'll Learn:

• Business Account Documentation
  
• Resolutions - Purpose and Proper Completion
  
• Business Taxation Options and Why We Have To Care
  
• Sole Proprietorships
  
• General, Limited, Limited Liability, and Limited Liability Limited Partnerships
  
• Limited Liability Company and Series LLC
  
• Determining LLC Business and Tax Classification
  
• Profit and Non-Profit Corporations
  
• Understanding Sub-Chapter S Corporations (S-Corps)
  
• Non-Profit Associations, Social Clubs, and Charitable Organizations
  
• Adding and Removing an Owner or Non-Owner as a Signer
  
• Access at the Death of a Business Account Signer/Owner
  
• FinCen - Beneficial Ownership Due Diligence Requirements
  
• Documenting Complicated Business Structures
  
• TIN Compliance "Cheat Sheet" Included In Session

Opening New Accounts Part III: Trust and Fiduciary

May 2, 2024 | 2:30 pm - 4:30 pm EST

This two-hour webinar delves into the responsibilities of collecting appropriate documentation, providing ownership options, titling accounts correctly, and allowing proper access to trust, fiduciary, and minor accounts not only during lifetime but at the death of a signer as well.

What You'll Learn:

• Defining Trustee, Personal Representative, and Fiduciary Roles and Responsibilities
  
• TIN Compliance for Trust, Minor and Fiduciary Accounts
  
• Proper Account Titling
  
• Formal vs. Informal Trust Comparison
  
• Key Questions to Ask When Setting Up Trust Accounts
  
• Six Pieces of Required Information For all Trust Accounts
  
• Revocable vs. Irrevocable Trust Accounts
  
• Payable on Death (POD)
  
• As Trustee For, In Trust For, Totten Trusts
  
• Minor Accounts
  
• Court Ordered Accounts
  
• Roles and Responsibilities of a Personal Representative
  
• Understanding Estate Accounts
  
• Guardianship/Conservator Accounts
  
• Social Security Representative Payee
  
• Veteran's Affairs Fiduciary