Rex Kyle, First Security Bank

• Annual gift exclusions
• Taxable Estates
• Basic Estate Planning Documents – Wills, POA (and types thereof), Rev Trust, & Health Care POA
• Life insurance Trusts
• Estate planning for retirement plan assets
• Special Needs Trusts – Medicare Medicaid issues
• Intervivos Trusts
• Testamentary Trusts
• Modification of existing trusts – judicial and non-judicial
• Qualified Disclaimers- uses in estate plans

Rex Kyle

• Individual officer Dollar Limits
• Discretionary distribution Committees
• Tracking Discretionary Distributions
• Income or Principal – Pros and Cons
• Documentation & Supporting information for requests and the AR Trust Code
• Judicial Involvement in requests
• Say it in writing- Yes or No to a beneficiary

Rex Kyle

• Daily activities – balancing cash and asset transactions, trust accounting under UPIA
• Monthly activities – statements
• Quarterly activities – RTC reporting, call reports, statements
• Assets – changes in assets-stock splits, mergers, name changes, unique assets, cost basis regulations
• Tax Reporting – Trust & Estate income tax return filings, 1099’s ( Int., Div., Misc., R, and Q) 5498’s,1098’s, 5500’s, personal returns, charitable trusts, cemetery trusts

Rex Kyle

• Determining your market area
• Branding
• Minimum account sizes
• Fee schedules and minimum fees
• Fees on unique assets- land, oil and gas, personal property, closely held companies
• Marketing materials
• Determining what types of business to administer
• Referral fees to bankers- sales initiatives
• Selecting trust software systems
• Revocable Trusts, Irrevocable Trusts, Agencies