Controlling The Risks Of Power Of Attorney Documents

Webinar: ID# 1041560
Live on 4/6/2023 from 11:00am till 1:00pm EST or via On-Demand
About This Course:
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.What You'll Learn:
  • Relationships among the customer, the attorney-in-fact, and the financial institution
  • 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
  • Steps must a financial institution take to protect itself when relying on a Power of Attorney
  • Language the financial institution should 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?
  • Transactions that 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 a financial institution should handle out-of-state powers of attorney
Controlling The Risks Of Power Of Attorney Documents
Live on 4/6/2023 from 11:00am till 1:00pm EST or via On-Demand
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