Start Date: 7/30/2024 9:00 AM MDT
End Date: 7/30/2024 10:30 AM MDT
Location:
United States
Handling a trust account is substantially different – and riskier – than handling an individual account. Although many people inappropriately treat trust property as their own individual property, your financial institution must recognize the trust as a separate legal entity from the individual. Otherwise, trust beneficiaries may claim that your financial institution should have known that the trustee was using the deposit account for individual purposes or otherwise in breach of their fiduciary duty.
This webinar will explain everything you need to know about opening trusts and other fiduciary accounts, including proper account documentation, authorization requirements, red flags, and how to reduce the risk of loss.
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