Venue
Webinar

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Event Date Wed Aug 11 EDT (2 months ago)
Location Webinar
Region All
Details

AFTER THIS WEBINAR YOU’LL BE ABLE TO:
Distinguish various types of power of attorney documents (durable, springing, limited, military, etc.) and when they can be used
Identify actions the attorney in fact and trustee can and cannot take on behalf of an accountholder
Differentiate between an attorney in fact, representative payee, and an authorized or convenience signer
Explain who can sign for the living trust and whether all trustees must sign the account and/or loan documents
Reduce your institution’s risk of loss from powers of attorney and living trusts

WEBINAR DETAILS
Powers of attorney and living trust agreements are complex legal documents used to transact business with your financial institution daily. They can expose your institution to significant risk if the attorney in fact or trustee acts outside the scope of their authority – whether intentionally or innocently.

Opening a deposit account for a trust is substantially different from opening an account for an individual. Similarly, lending to a trust is considerably different from lending to an individual. Likewise, dealing with the attorney in fact is different from dealing with an actual accountholder. This webinar will explain everything you need to know about powers of attorney and living trusts involving deposit accounts and loan transactions.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?
This informative session will benefit both deposit and loan operations, including new accounts personnel, loan documentation staff, loan officers, tellers, attorneys, compliance personnel, auditors, and managers.

TAKE-AWAY TOOLKIT
Checklist of items to request when opening a deposit account for a living trust
Checklist of items to request when lending to a living trust
Important questions to ask when accepting a power of attorney
Employee training log
Interactive quiz

Speakers

2021 Speaker

PRESENTER:

Elizabeth Fast
JD & CPA, Spencer Fane LLP