Dealing with Fiduciary Accounts: POAS, Trusts, UTMAS, Custodian / Guardians & Estates

Date Recorded: November 20, 2025
Presenter: Natalie Straus, Director, Forvis Mazars, LLP.

Fiduciary accounts are deposit accounts established by a person or entity for the benefit of one or more other parties. Fiduciary relationships present unique challenges to financial institutions when establishing and maintaining deposit accounts. A financial institution must understand various fiduciary relationship types, the authority of the involved parties, and various state and federal implications. In this ninety-minute webinar, we will establish a foundation of knowledge and recommendations to help your institution create and enforce sound policies and procedures in connection with these account types.

HERE IS WHAT YOU WILL LEARN:

• What are the types of situations where a fiduciary will be appointed for an individual?
• How should we style the account?
• What are the CIP and IRS requirements for opening a fiduciary account?
• Who has authority to transact on the account?
• What type of documentation do we need to obtain when a fiduciary is involved?
• Does the bank have any responsibility to monitor these accounts?

HERE ARE THE SPECIFIC ACCOUNT TYPES AND TOPICS WE WILL COVER:

• Powers of Attorney
• Grantor Trust- Revocable Living Trusts
• UTMA Accounts
• Court appointed Personal Fiduciary Accounts
• Social Security Representative Payee Accounts
• Estate Accounts
• Valid Trusts

FORMAT/INSTRUCTIONAL METHOD: GROUP INTERNET BASED

An online presentation and any additional supplemental materials, as applicable, will serve as the basis of the presentation. You will have the option to stream the audio through your computer or dial-in using a telephone number/PIN. Ample time will be dedicated to taking questions from attendees. Be sure to submit your questions during the webinar, as we are unable to offer telephone or email support after the presentation.