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Trust Term Review

Authored by Julie Loewes

Professional Development

Professional Development

Used 39+ times

Trust Term Review
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My role is that is set up the trust

Grantor

Protector

Trustee

LBEN

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I am authorized to act on the trust account

grantor

LBEN

trustee

protector

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

How can the client repair this NIGO form?

initial and date in the box

have notary complete new jurat

beneficial ownership form

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

True or False this form is IGO

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

For a Trust Brokerage account the FBO can be an entity

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Trustee maintenance completed via Trustee Certification Form is out-of-scope for CDD.

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False Trustee maintenance completed via Change of Registration form is out-of-scope for CDD, whether or not the TRE is changing.

true

false

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