Handling POAs & Living Trust Documents on Deposit Accounts & Loans

Compliance Frontline & New Accounts Lending

On-Demand Webinar

StreamedAug 11, 2021Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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How much power is in that power of attorney?

Do you know the different types and what they can do? What’s a living trust? How do POAs and living trusts affect deposit accounts and loans? Not sure? Get the scoop on both with this detailed presentation that includes checklists and questions to ask.

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.

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
Attendance certificate provided to self-report CE credits.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.