This is a beginning level webinar on the basics of trusts and how to open them. Learn who the players of a trust are and what each of them do.
Understand how the IRS uses SSN for some and EINs for others. Why do customers have trusts, and what is our role in this process as a financial institution?
What You’ll Learn
- What is a trust?
- Who are the players?
- Why does the IRS use SSN for some and EIN for others?
- Why do customers come to financial institution branches to open these?
- What paperwork should we keep?
- How do we style the account?
- Who are the signers?
- What disclosures do we give out?
- And much, much more…
Who Should Attend
This session is ideal for new accounts, tellers, branch managers, training, deposit operations, compliance, and retail management.