Handling Trusts & Other Fiduciary Accounts

They have distinct parameters and more risk than regular deposit accounts. Likewise, other fiduciary accounts must be treated differently.  This webinar will address those differences, risks, documentation, authorizations, and potential pitfalls.

• Use the proper tools to evaluate and mitigate the risks associated with trust and fiduciary accounts
• Define the legal concept of fiduciary duty regarding trust, custody, conservator, and other fiduciary accounts
• Explain the legal requirements to open a trust or other fiduciary account
• Understand the specific CIP and beneficial ownership information that must be obtained for fiduciary accounts
• Distinguish between when your institution serves only as a depository versus when it serves as a fiduciary