When a Depositor Dies: Actions to Take, Mistakes to Avoid

Date:

Oct 9, 2024

Register

Live Webinar: 90 Minutes

What are the implications? What documentation is required? Is there a beneficiary? How and where are assets transferred? What about tax reporting, insurance, estates, account changes, businesses, etc.? Attend this webinar to get the lowdown on deftly dealing with a depositor’s death.

Your accountholder is deceased. Now what? This webinar will explain how different legal ownerships have different results at death. Not every account has a beneficiary designation, so what comes next? You’ll learn about rights at death on accounts and how to transition ownership to an estate when appropriate. The program will also cover insurance changes, IRS reporting requirements, handling checks at death, and dealing with business accounts after death.

Agenda

October 9, 2024
Webinar begins - 11:00 AM EST

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Report taxes to the IRS after death
  • Avoid estate setup mistakes
  • Define “knowledge” of death and its requirements
  • Explain accounts that have will bypass rights at death
  • Distinguish formal estates and small estate affidavits
  • Manage check issues
  • Unpack specialty accounts like UTMAs, guardianships, Social Security representative payees
  • Help business accountholders take appropriate action when a key player dies
  • Explain to accountholders what happens regarding insurance after death
Topics

TAKE-AWAY TOOLKIT:

  • New account manual with flowcharts for handling accounts at death
  • 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
Speaker(s)

Deborah L. Crawford
Gettechnical Inc.

Additional Information

WHO SHOULD ATTEND?

This informative session will benefit branch operations personnel, compliance staff, trainers, branch managers, and new account representatives.

Fees

Live : $510.00
OnDemand: $510.00
Live + OnDemand: $750.00

Association Contact

AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380