May 2, 2024
This webinar will provide attendees with information on doing business with trusts, including best practices in establishing deposit account and loan relationships.
Financial institutions are required to complete transactions for customers who have created revocable and irrevocable trusts. To protect your financial institution's interests when using these documents, it is imperative to understand the basic do's and don'ts. This presentation will provide best practices for dealing with these complex legal documents, including establishing the relationship, changing titles, and performing loan and deposit transactions. We'll also cover what happens when the trust co-owns an account with another trust or person. This webinar does not provide detailed information on any particular state's laws.
Thursday May 2nd, 2024
11:00am - 1:00pm EST
What You'll Learn
Revocable vs. irrevocable trusts
Living trust vs. testamentary trust
Issues when there are co-trustees for the trust
When a successor trustee can do business for the trust
Relationship between Power of Attorney and trust documents
Trusts as safe deposit box holders
Who Should Attend
Financial institution employees involved with opening new accounts, deposit or loan documentation, and operations will find this webinar valuable.
Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks.
Terri has worked with financial institutions for over thirty-nine years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. She has also served as a trust department manager and branch manager.
Available Upgrades
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380