New Accounts Documentation & Compliance

Wed. Sep. 19 - 9:00 AM - 4:00 PM
Registration Information
Member Registration Price: 
Non Member Registration Price: 

Location: Sam Bowling Conference Center, Charleston WV

Presenter: Suzette (Suzie) Jones


This full-day workshop teaches vital account opening procedures, regulatory and compliance requirements while focusing on essential information needed for every new account. This includes CIP requirements such as proper identification and correct TIN but also requires understanding the fundamental questions that should be answered by every potential accountholder: What is the purpose of the account? Who owns the funds? Who will have access to the funds during lifetime and at death? Who can legally represent a business entity? The seminar manual is customized to your state law and has become known as the “technical reference handbook” for new account departments across the country.

What You Will Learn

  • Understanding Signature Card Contracts and the Impact on an Estate Plan
  • TIN Compliance –Thorough Discussion of SSN vs. EIN and W-9 vs. W-8BEN
  • Proper Business Account Documentation and Resolutions
  • Sole Proprietorships, General and Limited Partnerships, Corporations, LLC, and LLP, Non-Profit Associations and Charitable Organizations
  • Account Access at the Death of a Business Owner/Signer
  • Opening Individual Accounts; Adding Authorized/Convenience Signers or Agents
  • Joint Accounts With Rights of Survivorship and Tenants-In-Common Without Rights of Survivorship
  • Power of Attorneys – Using an In-House Form vs. Accepting an Out-of-House Form
  • Formal Trust Accounts - Difference Between Revocable and Irrevocable Trusts; Opening Living Trusts
  • Informal Trust Accounts - Pros and Cons of POD and Revocable Trustee Accounts
  • Opening Accounts For Minors – Joint Accounts vs. Uniform Transfer To Minors Act Accounts
  • Estate & Court Ordered Accounts: Handling Deceased Accountholders, Guardianships & Conservatorships

Hotel arrangements can be made at the Four Points in Charleston, click HERE for the discounted rate.

Event Type: On Location