What is a summary record that provides details about the legal documents governing the account?

The summary record that provides details about the legal documents governing the account is known as the synoptic record. This type of record is designed to give a concise overview of all pertinent legal documentation related to an account. This includes trust agreements, wills, and other legal agreements that dictate how an account should be managed and what obligations exist.

The synoptic record serves as an essential tool for financial and legal professionals, as it ensures they have quick access to the critical information needed to manage the account effectively and in accordance with legal requirements. The ability to review this summary record is vital for understanding the intricate details of the legal framework that governs the account, thus aiding in compliance and proper management.

Other record types mentioned typically focus on different aspects. An administrative record may involve operational details and management procedures, while a trust record centers specifically on the arrangements and management of trust accounts. The legal file record may include various legal documents but does not provide a summarized overview in the same way the synoptic record does.