08/15/2005
Can a personal representative of an estate add an authorized signer to an estate checking account?
04/11/2005
01/03/2005
We had a customer walk into our branch and ask to open a "Defined Benefit Plan." I researched on the Internet and found that it could be a 401K or some type of qualified plan. It is my understanding that it has to be handled by someone who is licensed in that area and that it would not be handled like an IRA or SEP. Where can I get more information on this?
03/15/2004
We're looking for a succint definition for "fiduciary". Can you help?
12/15/2003
Let's say you have a custodian on a UGMA/UTMA account specifically designated for education. The child is 2 years from college. Is there a Fiduciary responsibilty to invest in short term less volatility investments since the money needs to be there for college?
12/01/2003
I need to be pointed to the statute that deals with depositing a check payable to a trust into an individual account. The customer did not want to produce the trust document showing who could sign for the trust. The customer wants to know the law we are using to refuse the check without the proper documents.
11/17/2003
What are some suggested policies that should be included in an Employee Handbook?
11/03/2003
A customer opened a Profit Sharing Account for his business, which has a unique EIN, which is different from the company's EIN. The business owner wants to close the profit sharing account and use the funds to pay a credit card bill. Are there any tax laws preventing us from honoring the customer's request? Can we close this account and deposit the proceeds to his business account?
09/02/2003
Should we allow an administrator or executor of an estate to cash a check made payable to the estate?
09/02/2003
When opening a trust account, should we require the trustees to include the designation as trustee after their signature? Example: Jane Doe, Trustee. Is it sufficient to have the signer listed in our records as trustee? What are the consequences if the signer does not indicate he/she is a trustee?