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When a Depositor Dies

Dec 07 2:00 PM - Dec 07, 2022 3:30 PM
Dec 07, 2022 2:00 PM - 3:30 PM
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What must be done after an accountholder dies? Can checks still be negotiated? Who can access the deposit accounts? What changes can be made? What about taxes, Social Security, setoff, and dealing with the family? If you don’t have all the answers, this is the webinar for you.

Learning Objectives

  • Distinguish when checks can be paid after an accountholder’s death
  • Define who can negotiate a check made payable to the deceased accountholder
  • Identify who is entitled to the account upon the accountholder’s death
  • Determine when the deceased’s accounts can be set off for debts owed to your institution
  • Understand how to deal with the deceased’s estate or relatives
  • Explain when Social Security funds can be reclaimed

It could happen today – a depositor dies. Your institution must act promptly and appropriately to avoid any liability. This webinar will thoroughly explain the proper actions that should be taken when a depositor dies and delve into the best practices used by other institutions. Legal requirements and practical issues will be addressed as well.  

Agenda

Speakers

Elizabeth Fast, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

Location

Fees

$259.00 

Live and recorded webinar, handouts, quiz with answer key and training log are included.

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

Webinar

Topics Covered

  • Member Service
  • Live Webinars
  • Compliance