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California Professional Development
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Recorded Tuesday, September 30th, 2008
Formal, Informal, Revocable, Irrevocable, Minor Custodial Accounts, Guardianship, Conservatorship – 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 presents the financial institution with court documents. 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.
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- 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 create 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?
- What are the most important elements of court-ordered guardianship or conservatorship documents?
You are encouraged to have a copy of your account agreement and signature card handy to reference during the webinar.
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All customer contact personnel, 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 will find the information exceptionally beneficial as well.
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 Patrice M. Konarik, CFP®, is president and founder of Sunwest Training Corp. located near Galveston, Texas. With over 25 years experience in the financial industry, Patrice has focused her expertise on the retirement and new account areas and is currently providing training in 22 states. She has a BS from New York’s Binghamton University and earned her Certified Financial Planner™ designation in 1990. Patrice brings the information to life with her humorous approach, in-depth knowledge and an unlimited supply of "true life" examples.
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