Setting up New Accounts for Trusts


Presented by:
Mary Beth Guard

This CD ROM will be available after January 1, 2015.

Your customer announces he and his wife have had revocable trusts drafted for each of them, plus a family trust. Now they're asking you to do something squirrelly, like set up a joint tenancy account with right of survivorship between the two individual trusts.

What should you do?
The growing popularity of revocable trusts poses challenges and issues for financial institutions, from documentation requirements to determining the proper TIN.

This Webinar will focus primarily on everything you need to know to accommodate your customer's revocable trusts.

Why Should You Attend?
The worst feeling in the world is when you're faced with a task you feel ill-equipped to handle. Many bankers feel that way when it comes to helping customers who have created revocable trusts. This Webinar will supply you with the information you need to confidently handle such accounts.

What Can You Expect To Learn?

  • What documentation you need to obtain - and why
  • What TIN to use
  • How to style the account
  • What questions to ask
  • How FDIC deposit insurance applies
  • How recent changes to the FDIC rules impact revocable trusts accounts
  • Whose signatures you need
  • Who else can sign on the account
  • The interplay between a power of attorney and a revocable trusts
  • What happens when the grantor dies
  • Why it's imperative to know whether the trust is revocable or irrevocable
Who Should Attend:
Frontline staff handling new accounts, head tellers, customer contact, and other bank personnel who want more information about living trust documents.

Mary Beth Guard has the information you need to get the job done, even when some of those customers' requests seem "off the wall." Spend two hours with Mary Beth in th Living Trusts webinar; you'll be glad you did!

About the speaker: Mary Beth Guard
Mary Beth Guard currently serves as Executive Editor of and CEO of Glia Group, Inc., Mary Beth has had a long and distinguished career, graduating from law school in 1980, then going on to serve as general counsel for the Oklahoma State Banking Department, general counsel for the Oklahoma Bankers Association, and EVP of Specialized services for Thomson Financial Publishing prior to co-founding Glia Group, Inc. and Mary Beth also serves as Executive Editor for and as a partner in BankGuard Resources.

Mary Beth is on the advisory board for Bankers' Hotline. She has presented training programs for virtually every major national financial industry association, as well as more than a dozen state bankers associations and a host of other organizations. In addition, Mary Beth has written more than a thousand banking-related articles and is a BOL Guru.

This program was recorded in its entirety in December 2014. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

Add to Cart:

  • Model: CD_trusts1214
  • Manufactured by: Glia Group, Inc.

Current Reviews: 1

This product was added to our catalog on Thursday 09 September, 2004.

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