Trusts and POAs
04/12/2020
In what situations can an attorney in fact be allowed to transact on behalf of a trustee?
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.
04/12/2020
In what situations can an attorney in fact be allowed to transact on behalf of a trustee?
04/05/2020
Do all husband and wife trusts become irrevocable upon the death of one of them?
03/29/2020
If the trust is using the SSN of the grantor, and the grantor dies, how soon after death must the trustee obtain an EIN for the trust?
03/22/2020
If there is more than one grantor/trustee, as in a joint trust, upon the death of the grantor whose SSN was used, can the SSN of the surviving grantor then be used?
03/15/2020
We set up an account today for a young widow. She wanted it to be a joint account between her and her little boy (he’s 4), in case anything happened to her. Problem?
03/15/2020
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?
03/08/2020
Parents of three kids came in to set up a UTMA account today. They insisted they wanted all three kids on the account, so that’s the way we handled it. Problem?
03/08/2020
Customer has a trust and a will. Customer dies. Which one controls what happens to the account?
03/01/2020
I thought every LLC had to have an Operating Agreement. I told a guy this morning that we couldn’t open an account for his sole member LLC until he gave us a copy of an operating agreement. Problem?
02/23/2020
Our new customer just moved here from out of state. She allowed her old Drivers License to expire because she knew she would need to get a new one here, but simply hasn’t had time to do so with all the hassle of moving. Problem?