During this program, we will look at the high risks involved in fiduciary accounts and the legal documents that come with them. From guardianships to power of attorney, we will look at the key players, who can do what, and whether you can refuse the account. Learn how to open these high-level accounts, how to read the paperwork, and when to involve legal counsel. Some institutions send all paperwork to legal counsel, but many do a first look and then send it to legal when it involves complications. You will receive a new account handbook on set-up procedures.
What You’ll Learn
- Power of attorney documents – key components, players, state rules
- What an agent can and cannot do on a POA
- Living trusts, charitable trusts, and pension trust documents
- Tutor and Curator accounts for court orders
- Other fiduciary arrangements – UTMAs, Social Security and VA accounts
- Estates, small estates, and rights at death
- General rules of what fiduciaries can and cannot do
Who Should Attend
New Accounts, Branch Managers, Loan Officers, Bank Management, Deposit Operations, Deposit Compliance, Branch Administration, BSA Officers, BSA staff, Compliance Officers, Training, and others who open accounts will benefit from this webinar.