Revocable Living Trusts are often promoted as an effective way to avoid probate when transferring property upon death. Therefore, they are becoming an increasingly popular financial management product. However, they can be challenging to deal with from a bank’s perspective. This seminar will explain Revocable Living Trusts from the inside out; including how they work and what you need to know to be confident in protecting the bank while serving customers who have them. This session will also cover how to properly transfer accounts and assets to Revocable Living Trusts.
What You Will Learn:
Revocable Trust – What is it? Why is it popular?
Transferring Assets – Documentation needed
Dealing with Others – Attorneys, brokers, insurance agents, etc.
How to Read a Trust – 5 things to look for
Joint tenancy and legal rights of survivors
Why trust-titled accounts outperform jointly held and POD accounts
Who Should Attend:
Personal bankers whose customers ask about trust or who request help in transferring assets into their new trusts; new accounts people; managers/supervisors and anyone who wonders whether a RLT is right for them personally.
Presenter:
James G. Lethert is a Personal Trust Officer and Attorney with US Bank Trust Company in Minneapolis. Mr. Lethert received his Juris Doctor degree from William Mitchell College of Law and is also a graduate of the Stonier Graduate School of Banking. As adjunct professor at the Hamline School of Law, he teaches Personal Trust for the Midwest Trust Schools, a premier trust training academy that draws participants from throughout the Midwest. He is also a frequent speaker at continuing education courses for attorneys and financial planners.
Registration Information:
Fax or mail this registration form, or register online, by March 16, 2007. Make checks payable to Center for Financial Training (CFT). Withdrawals made prior to the registration deadline will receive a full refund or a credit toward a future CFT seminar. Withdrawals made after the registration deadline will not receive a refund or a credit. Substitutions may be made at any time. No-shows will be charged the full amount.
