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Demystifying Trusts: Establishing Deposit Accounts and Loans

This webinar will provide attendees with information on doing business with trusts, including best practices in establishing deposit account and loan relationships.

Upcoming
Thursday, April 17th, 2025
1:30 pm - 3:30 pm
Presented by Terri Thomas
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Customer Service
  • Deposit
  • Lending
  • Risk Management/Legal
  • Trusts
  • Bank Legal Counsel
  • Branch Manager
  • Commercial Lender
  • Consumer Lender/Retail Banker
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • New Accounts Representative
  • Senior Management
  • Small Business Lender
  • Teller
  • Training Manager
  • Trainer
  • Trust Officer

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Financial institutions are required to complete transactions for customers who have created revocable and irrevocable trusts. To protect your financial institution’s interests when using these documents, it is imperative to understand the basic do’s and don’ts.

This presentation will provide best practices for dealing with these complex legal documents, including establishing the relationship, changing titles, and performing loan and deposit transactions. We’ll also cover what happens when the trust co-owns an account with another trust or person. This webinar does not provide detailed information on any particular state’s laws.

What You'll Learn

  • Revocable vs. irrevocable trusts
  • Living trust vs. testamentary trust
  • Issues when there are co-trustees for the trust
  • When a successor trustee can do business for the trust
  • Relationship between Power of Attorney and trust documents
  • Trusts as safe deposit box holders

Who Should Attend

This session is ideal for financial institution employees involved with opening new accounts, deposit or loan documentation staff, and operations personnel.

Terri Thomas

Instructor Bio

Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks.

Terri has worked with financial institutions for over thirty-nine years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. She has also served as a trust department manager and branch manager.

Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988. She has served as an Adjunct Professor at Washburn University School of Law in Topeka, Kansas and the University of Kansas School of Law in Lawrence, Kansas, and is a frequent seminar presenter for financial associations in the Midwest.

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