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Opening Fiduciary Accounts

During this program we will review the set-up, documentation and legal issues involved in these high- risk accounts. You will learn how to style these accounts and get the signature card perfect every time.

OnDemand
Recorded Thursday,
April 14th, 2022
Presented by Deborah Crawford
2h total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Lending
  • Bank Secrecy Act Officer/BSA Specialist
  • Compliance Officer
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • New Accounts Representative
  • Private Banker

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Your account holder, the federal government or the court has named someone legally to act on his or her behalf. Now what? What can these caregivers and fiduciaries do? What supporting paperwork must each bring? During this program we will review the set-up, documentation and legal issues involved in these high- risk accounts. You will learn how to style these accounts and get the signature card perfect every time.

What You'll Learn

  • Different types of power of attorney documents
  • What an attorney-in-fact can and can’t do
  • Adding an attorney-in-fact to an account
  • When do POAs cease
  • Guardianships—court ordered accounts and documentation
  • Do’s and don’ts on guardianships
  • How to set up guardianship accounts
  • Estate Accounts: Letters of Testamentary and Letters of Administration
  • Answers to common questions on how to set-up and handle accounts at death
  • Executors, Guardians, Power of attorney and other caregivers—authority, liability and paperwork
  • Social security representative payee and veteran accounts
  • Government benefit accounts signature card set up
  • CIP requirements on all fiduciary accounts

Who Should Attend

This informative session will be useful for new account representatives, customer service representatives, member service representatives, branch administration, branch operations, branch managers, personal bankers, compliance, BSA and anyone who opens new accounts.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

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