This is a three-part series. The prices below are include all sessions. Each session can also be attended individually by clicking on the links below.
Part I - Legal Ownership of Consumer AccountsWednesday, April 22nd, 2015
"It's just a little new account job, right?" If that's the case, why do we feel like we are acting as "estate planners" instead of "account opening professionals"? The main reason is, in many states, the signature card and account agreement ownership could possibly override formal documents created outside of the financial institution - for example, wills and trusts. It is imperative that we understand the consequences of "choosing" the correct ownership box to be consistent with the accountholder's wishes - especially at death. In this session, we cover the definition of the ownership boxes for consumer and trust accounts including: titles, ownership, TIN and authorized signers for that ownership and death payouts. For a complete description or to attend Part I only, CLICK HERE.
Part II - Business AccountsWednesday, April 29th, 2015
It is no longer "okay" to open accounts for non-documented businesses. When you open a commercial account you should verify this is a legal business and who is authorized to transact business on behalf of that entity. In this two hour webinar, we will investigate the types of business entities available in most states and who that "authority" person is to open the account and sign the resolutions. For a complete description or to attend Part II only, CLICK HERE.
Part III - Trust, Fiduciary and Minor AccountsWednesday, May 6th, 2015
Formal, Informal, Revocable, Irrevocable, Minor Custodial Accounts, Court Ordered Accounts - 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 wants to open an account in the minor's name and SSN. 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. For a complete description or to attend Part II only, CLICK HERE.
Who Should Attend?
All customer contact personnel, supervisors and officers whose responsibilities include opening or managing the new account area. Excellent for supervisors or officers who have authority to "waive" documentation requirements. Internal Auditors and Compliance Officers will find the information exceptionally beneficial as well.
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