Thursday, December 21, 2017 - 11:00 AM - 12:30 PM ET
This Session plays on Day 4 of our Week-long IRA Series binge, where we rebroadcast all 5 of 2017's IRA training webinars to help you quickly learn everything you need to know about IRAs before starting the New Year.
This session will address the following questions about procedures and your bank: What does the law say about identifying nonresident aliens? What type of identification is being used around the country to open accounts? What are the proper procedures for W-8 reporting? What role does Office of Foreign Assets and Control (OFAC) play in your new accounts procedures? If these questions have not been answered to your satisfaction in your bank this session is a must.
It’s getting down to the wire on that dreaded tax deadline. What do you do when someone walks in at 5PM on April 18th this year to make a contribution to his/her IRA? What if s/he doesn't have an IRA and you need to open one for him/her?
These and other questions will be answered in this informative webinar. If you have just started with IRAs or want a good review of IRA fundamentals, this is the program for you. This session will prepare you to open, move, and close IRAs-- and get all the paperwork right in the process. If you have been afraid of IRAs or simply lack basic knowledge on the topic, this webinar will get you excited and motivated to become the IRA expert at your organization.
Sometimes the simplest error or typo can create legal ownership, insurance and access issues for your accountholder. If you do not sign the signature card on a joint account, it is not insured by either the FDIC. Or if you add notes to the cards or add signers after the fact, many times you can create liability for your financial institutions.
Account opening mistakes could have irreparable consequences for your customer and possibly their heirs. This seminar takes a look at the legal issues of opening personal accounts and how styling those accounts could make it easy for estate planning or a total nightmare.
This session will also assist customer contact staff in building a framework for addressing some difficult questions asked by your customer without giving tax or legal advice. Estate planning for your customer maybe affected by what you and your customer decide to do on a particular account.