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Do’s and Don’ts on Fiduciary Accounts

Recorded on August 22, 2017

Developing new account and deposit operations procedures for fiduciary accounts is not an easy task. Your account holder, the federal government or the court has named someone legally to act on his or her behalf. Now what? What can these caregivers and fiduciaries do? What can't they do? What supporting paperwork must each bring? During this program we will review the set-up, documentation and legal issues involved in these high risk accounts. You will learn how to style these accounts and get the signature card perfect every time. Learn more about these intricate accounts. The fiduciary accounts covered will be: POAs, UTMAs, Social Security Representative Payees, Veteran Federal Fiduciary, Estates, Formal Trusts and Guardianships.

Topics Covered

  • Different types of power of attorney documents
  • What an attorney-in-fact can and can't do
  • Adding an attorney-in-fact to an account
  • When do POAs cease
  • Guardianships-court ordered accounts and documentation
  • Do's and Don'ts on guardianships
  • How to set up guardianship accounts
  • Estate Accounts, set up using Letters Testamentary and Letters of Administration
  • Answers to common questions on how to set-up and handle accounts at death
  • Executors, Guardians, Power of attorney and other caregivers-authority, liability and paperwork
  • UTMA accounts set up, death and questions
  • Formal Trust accounts set up, legal issues and death
  • CIP requirements on all fiduciary accounts
Webinar Reviews: 

Information was clearly explained and helpful - NatalieM

Deborah was very thorough & to the point. - jsmith

The quality of the training was excellent. Deborah was easy to follow and answered questions that come up often in practice. - ewinstead

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