Are you ready to tackle the complexities of Power of Attorney documents with confidence? This session will equip you with the knowledge and insights to navigate even the most challenging situations with ease. This webinar does not examine the laws of any particular state.
Financial institutions are required to complete transactions for customers involving Power of Attorney documents. To protect your institution’s interests when using these documents, it is imperative to understand the basic do’s and don’ts. This presentation will provide best practices to use when dealing with these complex legal documents, with special attention paid to the transactions that pose the greatest risks for financial institutions.
What You’ll Learn:
– Relationships among the customer, the attorney-in-fact, and the financial institution
– Determining if a Power of Attorney is general or limited
– Language to look for in the Power of Attorney document when completing a transaction for the attorney-in-fact
– Attorney-in-fact representations a financial institution can typically rely on
– Durable vs. non-durable Power of Attorney
– Steps to protect your institution when relying on a Power of Attorney
– Power of Attorney revocation guidance
– Handling out-of-state Powers of Attorney
Who Should Attend?
Financial institution employees involved with opening new accounts, deposit or loan documentation, and operations will find this webinar very useful.