Trust Issues for New Accounts


Presented by:
Mary Beth Guard and Sam Ott

Your customer announces he and his wife have had living 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 living trusts poses challenges and issues for financial institutions, from documentation requirements to determining the proper TIN.

This Webinar will focus primarily on everthing you need to know to accommodate your customer's living trust.

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 living 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 living trust accounts;
  • Whose signatures you need;
  • Who else can sign on the account;
  • The interplay between a power of attorney and a living trust;
  • What happens when the grantor dies;
  • Why it's imperative to know whether it is revocable or irrevocable;

About the speakers: 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.

Sam D. Ott is an attorney who specializes in banking and is of counsel with Phillips McFall McCaffrey McVay & Murrah, P.C. Prior to entering into private practice, Sam was Executive Vice President of Glia Group, Inc., the originator of He was previously General Counsel and Secretary of the Board of BancFirst Corporation and BancFirst. Before his association with BancFirst, Sam served as Assistant General Counsel for The First National Bank and Trust Company of Oklahoma City and General Counsel for both First Interstate Bank of Oklahoma and Boatmen's Bank of Oklahoma.

(requires Windows Media Player and IE).

CD-ROM includes:

  • Complete presentation (including slides and audio)
  • Written Materials
  • Follow-up Q & A
      You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

    • This program was recorded in its entirety in July 2010. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

      Add to Cart:

      • Model: CD_trust0710
      • Manufactured by: Glia Group, Inc.

      Current Reviews: 1

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

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