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Latest Compliance - Living Trusts Topics

Changing Joint Account into a Trust

09/27/2010

Have there been any recent regulatory changes which state that an account (CD, checking, savings etc), held in the names of husband and wife jointly, cannot be retitled and placed into a trust? Do these accounts have to be closed and a new account opened? Are there issues we should be aware of due to the retitling? If so, please specify.

Are living/family trusts eligible for NOW accounts?

06/09/2003

I have a question regarding NOW account eligibility. Can I assume that revocable living trusts and family trusts are for the benefit of individuals? If so, can the trusts have interestbearing accounts without the trustee providing documentation to prove the identity of the beneficiaries?

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Tweets that haunt

12/04/2022

Since some employees have used social media for years without a problem, I guess I don’t understand why there is concern now about risks. What risks are there?

Social media use by proxy

11/27/2022

Can a bank be liable for encouraging employees to solicit responses to a contest benefitting a local charity with links posted on their personal social media pages?

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