Trust Term Review

My role is that is set up the trust

• Grantor

• Protector

• Trustee

• LBEN

I am authorized to act on the trust account

• grantor

• LBEN

• trustee

• protector

How can the client repair this NIGO form?

• initial and date in the box

• have notary complete new jurat

• beneficial ownership form

True or False this form is IGO

• True

• False

For a Trust Brokerage account the FBO can be an entity

• True

• False

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

• true

• false

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

For a trust account we need full CIP information for a deceased grantor

• true

• false

An Online trust account routes to CRT first true or false?

• true

• false

A trustee certification form can be used to add or remove trustees from an existing account

• true

• false