Controlling the Risks of Power of Attorney Documents Webinar
Are you ready to tackle the complexities of power of attorney documents with confidence? This session will equip you with the knowledge & insights you need to navigate even the most challenging situations with ease. This webinar does not examine the laws of any particular state.
Financial institutions are required to complete transactions for customers involving Power of Attorney documents. To protect your financial institution’s interests when using these documents, it is imperative to understand the basic do’s and don’ts. This presentation will provide financial institution personnel with best practices to use when dealing with these complex legal documents.
This session will focus on the best practices that can be employed by banks rather than looking at any particular state’s laws.
Covered Topics:
- What are the relationships among the customer, the attorney-in-fact and the financial institution?
- What is the difference between a durable and non-durable power of attorney?
- How does a financial institution determine if a power of attorney is general or limited
- What steps must a financial institution take to protect itself when relying on a Power of Attorney?
- What language should the financial institution look for in the Power of Attorney document when completing a transaction for the attorney-in-fact?
- How is a Power of Attorney revoked and when is that revocation binding on the financial institution?
- What transactions create the greatest risks for financial institutions relying on power of attorney documents?
- What attorney-in-fact representations may a financial institution typically rely upon?
- How should a financial institution handle out-of-state powers of attorney?
Who Should Attend
Financial institution employees involved with opening new accounts, deposit or loan documentation and operations will find this seminar very useful.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.
Instructor
Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks. Terri has worked with financial... read more.
