Jun 4, 2024
How much power does a power of attorney have? How many types of POAs are there? What documentation must be supplied? What fiduciary authority is involved? Are there special requirements? What risks are involved? Can you afford to miss this training?
Powers of attorney are complex legal documents used on a daily basis to transact business on deposit accounts. If your institution doesn’t handle a specific situation properly, it can be exposed to significant risk if the attorney-in-fact intentionally (or innocently) acts outside the scope of their authority. This webinar will explain everything you need to know when dealing with powers of attorney on deposit accounts and steps you can take to reduce risk.
Tuesday June 4th, 2024
11:00 am - 12:00 pm EST
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
Distinguish among the various types of power of attorney (POA) documents (durable, springing, limited, military, etc.) and when they can be used
Understand the attorney-in-fact’s fiduciary duty and what actions they can and cannot take
Identify the red flags that might indicate the attorney-in-fact is exceeding their authority
Explain the difference between an attorney-in-fact, a representative payee, and an authorized or convenience signer on an account
Describe the special requirements regarding joint ownership accounts and trust accounts
Checklist of important questions to ask before accepting a POA on a deposit account
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits
Who Should Attend
This informative session will be useful to all deposit operations personnel, including new accounts personnel, deposit account officers, tellers, attorneys, compliance personnel, auditors, and managers.
Elizabeth Fast
SPENCER FANE LLP
Purchase
Live: $510.00
On-Demand: $510.00
Live & On-Demand: $750.00
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380