When trust becomes irrevocable
05/21/2017
If the trust has two grantors (husband and wife) and one of the grantors dies, is the trust still revocable until the second grantor dies?
Mary Beth Guard is one of the four co-founders of BankersOnline and is now Editor Emeritus, after more than 16 years of serving as Executive Editor. She was instrumental in the creation and expansion of BankersOnline, as well as the launch more than a decade ago of BOL Conferences, Inc. and its continued operation and growth. Mary Beth is also the director of BankCompliance.com, the subscription-based compliance service now being offered online. Also, Mary Beth serves as CEO of Glia Group, Inc., which produces BOL Learning Connect. For nearly four decades, Mary Beth has utilized her background as an attorney to focus on banking industry issues, first as general counsel for the Oklahoma State Banking Department, then as general counsel for the Oklahoma Bankers Association, prior to her work with BankersOnline.
Mary Beth has presented training programs for virtually every major national financial industry association, as well as more than a dozen state bankers associations and a host of other organizations. She is a frequent presenter of webinars and seminars. In addition, Mary Beth has written more than a thousand banking-related articles and is BOL Guru #1.
You can contact Mary Beth via email at mbguard@bankersonline.com or by telephone at (405) 272-1642.
05/21/2017
If the trust has two grantors (husband and wife) and one of the grantors dies, is the trust still revocable until the second grantor dies?
05/14/2017
We just received a power of attorney that says it shall remain in force after the death of the principal. What do you think about that?
05/14/2017
We just received a power of attorney that says it shall remain in force after the death of the principal. What do you think about that?
05/14/2017
Customer has a trust and a will. Customer dies. Which one controls what happens to the account?
05/07/2017
Are the powers of an attorney-in-fact under a power of attorney pretty standard from one POA to the next?
04/30/2017
If an attorney-in-fact comes in with a power of attorney and wants to open an account on behalf of the principal without the principal being present, who do we CIP?
10/09/2016
Do IRS Levies fall under the jurisdiction of the Right to Financial Privacy Act?
10/02/2016
If a customer has multiple entities but only one is listed on the subpoena, are we restricted to giving information only about the listed entity?
10/02/2016
We don't cash checks payable to corporations, but can a corporation use the "cash back" portion of its deposit tickets to obtain a portion of a deposit back in cash?
10/02/2016
Is it permissible for the government to simply give us the certificate of compliance at the same time they give us the subpoena?