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Wisconsin Credit Union Foundation

Handling Power of Attorney & Living Trust Documents on Deposit Accounts & Loans

This webinar will explain everything you need to know about powers of attorney and living trusts involving deposit accounts and loan transactions. Join us to learn about opening living trust accounts, including account documentation and authorization requirements. Lending to living trusts, including loan documentation and perfection of security interests in trust property, will also be covered.

Mar 25, 2019 02:00 PM   -­­  Mar 25, 2019 03:30 PM
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Member Services
  • Lenders
  • Front Line
  • Compliance

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Description

Powers of attorney and living trust agreements are complex legal documents used to transact business with your financial institution daily. If not handled properly, they can expose your institution to significant risk. This webinar will explain everything you need to know about powers of attorney and living trusts involving deposit accounts and loan transactions. Join us to learn about opening living trust accounts, including account documentation and authorization requirements. Lending to living trusts, including loan documentation and perfection of security interests in trust property, will also be covered.

Learning Objectives

  • Various types of power of attorney documents – durable, springing, limited, military, etc. – and when they can be used
  • Differences between an attorney in fact, representative payee, and an authorized or convenience signer
  • Actions the attorney in fact and trustee can and cannot take on behalf of an accountholder
  • Who can sign for the living trust and must all trustees sign the account and/or loan documents?
  • How to reduce risk of loss from powers of attorney and living trusts

Speaker

Elizabeth Fast, JD, CPA, Spencer Fane LLP

Investment

$259.00