Powers-of-attorney and living trust agreements are complex legal documents used to transact business with financial institutions on a daily basis. If not handled properly, your institution can be exposed to significant risk if the attorney-in-fact or trustee intentionally (or innocently) acts outside the scope of their authority. Opening a deposit account or lending to a trust is substantially different from dealing with an individual. Likewise, working with an attorney-in-fact is much different than working with the accountholder.
This webinar will explain everything you need to know about powers-of-attorney and living trusts regarding deposit accounts and loans. It will address opening living trust accounts, including documentation and authorization requirements, and lending to living trusts, including loan documentation and perfection of security interests in trust property. You will also learn the proper use of powers-of-attorney on deposit accounts and loans.
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session will benefit both deposit and loan operations, including new accounts staff, loan documentation personnel, loan officers, tellers, attorneys, compliance staff, auditors, and managers.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.