10 Common Errors on the UTMA

It is amazing how many banks go through extreme measures and make so many mistakes regarding the setup, maintenance and termination of this type of account.

Recorded Tuesday,
August 22nd, 2023
Presented by Deborah Crawford
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Deposit Accounts
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • New Accounts Representative
  • Private Banker
  • Trainer

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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.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.