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.
- Various types of power of attorney documents – durable,
springing, limited, military, etc. – and when they can be used
between an attorney in fact, representative payee, and an authorized or
- 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
Elizabeth Fast, JD, CPA, Spencer Fane LLP
Live and recorded webinar, handouts, quiz with answer key and training log are included.