During this webinar, we will try to eliminate the myths and errors banks make with the Uniform Transfer to Minors Act (UTMA).
What You’ll Learn
Account set up
Who can gain access
What happens when the child reaches the age of majority
What happens if the custodian dies
What happens if the minor dies
What is the estate of a minor
What can the funds be used for
How should the checks be styled that are deposited into the account
How to end the relationship and custodial arrangement
Who Should Attend
New Accounts, Personal Bankers, Branch Staff, BSA, Compliance, Operations, Training and anyone who sets up and manages account relationships.