Handling Trusts & Other Fiduciary Accounts

Do you know what a trustee can and cannot do? Since a trust is a separate legal entity, are there special rules about opening, documentation, authorization, etc.? Join this lively webinar to learn the ins and outs of dealing with trusts.

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