Handling Deceased Accounts
Upcoming Live Training
Alert! FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance
IRA Operations Update
FFIEC BSA/AML Exam Manual: A 2-Day Study
Event Cost: $299.00
1-Day Virtual Class | May 3, 2023 | 9:00am – 3:00pm CENTRAL Time
Your account holder passed away and the family is grieving. Yet, in the midst of all the grieving and honoring of a life, the legal and compliance clock is ticking. In most states, checks can be paid for 10 days after the date of death.
When your account holder dies, many issues and questions arise. Who can have information on the account? Who owns the account? What has access to the account? What happens with powers of attorney and authorized signers on account? Can the spouse of the sole proprietor continue to access the account? What about that last tax refund check? Is the account still insured? Can a check be written to a funeral home? What about the checks coming in to pay funeral expense? Learn about checks, IRAs, deposit ownership, trusts, UTMA, affidavits of heirship and other complex issues that can occur when a account holder is deceased.
- Probate versus non-probate transfers
- When does the will govern and when does the signature card?
- What by passes a will? PODs, IRAs, JTWROS?
- Living trusts and successor trustees
- When do we know that a account holder is deceased?
- When can we use small estate affidavits?
- What happens to powers of attorney, authorized signers, etc.
- How are IRAs, HSAs and UTMAs affected?
- Do sole proprietorships cease at death?
- FDIC/NCUA insurance issues
Who Should Attend
This webinar is designed for customer/member service representatives, branch administration, branch managers, tellers, training and development staff, compliance personnel and anyone who handles customer/member accounts.
Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of banks across the nation. Her 40+ years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees. Deborah’s specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance, and Individual Retirement Accounts.
The cost to attend this all-day seminar is $299 for one connection*. Registration fees include instruction, live interaction with the instructor, any handouts and an updated New Accounts Manual (digital), and a link to the recordings of the class. (You will have unlimited access to the recording for 90 days.) *You may have as many listeners as you wish for your ONE connection (ONE computer login). If you would like additional logins for additional locations/computers, please contact our office or note names and email addresses in the comments sections of the registration form. A fee of $100 will be billed for each additional login.
Cancellation and More Information
Full registration fees will be refunded if a cancellation is received on or before ten business days prior to the meeting. If the date of cancellation is less than ten days prior to the meeting, a $75 processing fee will be retained. No refunds will be given for cancellations made the day of the program. If you need additional information, please call (888) 773-4839.