May 14, 2024
Does Johnny have any rights to the funds in the account? Who has to endorse the checks? If you have ever been confused about a minor’s account, you are not alone! Clear the confusion cobwebs and get crystal clarity about how to deal with minor accounts. Gain the confidence you need to handle these (sometimes sticky) situations.
There tends to be many questions surrounding minor accounts. When can a minor open an account? Is it required/prohibited to have an adult on the account as well? Can a minor withdraw from an account in their name? What if the custodian has not disbursed the UTMA funds and the minor is now 18? Confusion abounds with these and other questions. This webinar will sort out the truths from the myths and provide greater clarity and certainty for those establishing and maintaining these accounts.
May 14, 2024
Webinar begins - 11:00 AM EST
Model language for different types of minor accounts
Minor account cheat sheet
List of internet resources
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits
Determine who has authority over an UTMA
Understand when minors can own and have equal rights to an account
Explain which accounts minors have access to on their own
Distinguish between minor accounts and accounts held in trust for a minor
Describe the different types of minor accounts and their uses
Mary-Lou Heighes
COMPLIANCE PLUS, INC
This informative session will benefit new accounts personnel, tellers, financial services representatives, auditors, and compliance staff.
Live : $510.00
OnDemand: $510.00
Live + OnDemand: $750.00