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Advanced IRAs 
Estate Planning for Bankers and Their Customers
Many of your bank clients may think estate planning is only for the wealthy. What they do not understand is that Estate Planning is crucial to the proper distribution of their assets according to their wishes after death. Successful estate planning transfers assets to their beneficiaries quickly and usually with minimal tax consequences. The process of estate planning includes inventorying assets and making a will and/or establishing a trust, often with an emphasis on minimizing taxes. Being prepared to answer your clients' questions about how to handle their estate is just one more value added service you can provide.
What You Will Learn:
- Why it is imperative to have a Will and the results of dying without one
- The effects of asset titling
- What happens in probate
- The effects of joint ownership
- Community property
- Intestate succession
- Who gets what
- How to minimize taxes
Health Savings Accounts
Congress recently passed legislation that allows individuals to accumulate dollars and to pay for nearly all medical care on a pretax basis. This new legislation, Health Savings Accounts (HSAs), is patterned after Individual Retirement Accounts. HSAs allow individuals to fund an account on a pretax basis and then to use those funds to pay for medical costs. Dollars that are not used for medical costs may be saved and accumulated from year to year or may be spent on non-medical costs, subject to taxation and penalties.
What You Will Learn
- Why banks should be interested in offering HSAs to their customers
- Who is eligible to have an HSA
- How contributions may be made to an HSA
- How distributions may be made from an HSA
- Custodial responsibilities for banks and financial organizations
- Penalties for noncompliance by the individual account holder and custodian
- Updates for recent IRS regulatory issuances
Introduction to Financial Planning Products
Every day your clients make financial decisions, but when put together into a strategy, they can change the way your clients achieve their life goals. Introduction to Financial Planning Products is designed to teach participants about financial planning products and how they can fit into a specific client's financial planning strategy. Gone are the days when a checking and savings account were all that your clients needed. Be prepared to answer all your clients' financial needs.
What You Will Learn
- Deposit Accounts, Savings Accounts and Certificate of Deposits
- Mortgages
- Fixed Rate Investments - Bonds
- Growth Investments - Stocks
- Mutual Funds
- Retirement Products, Trusts and Gifting
IRA Basics 
IRA: Beyond the Basics
IRS Reporting Requirements
So Your Customer Has A Trust...Now What??
Revocable Living Trusts are an increasingly popular financial management product, but can be challenging to deal with. This seminar will explain RLTs from the inside out; including how they work and what you need to know to feel confident when establishing an RLT and helping customers transfer their assets.
What You Will Learn
- Revocable Trust - What is it and why is it popular?
- Transferring Assets - Documentation needed
- Dealing with Others - Attorneys, brokers, insurance agents, etc.
- How to Read a Trust - The five things to look for
- Joint tenancy and legal rights of survivors
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Webinar |
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