Dealing with Powers of Attorney - Sp19

Course Length
90 mins

Instructor
Jim Lethert

Price
$275.00

Upcoming Sessions

Description

Presenter: Jim Lethert, Attorney

This 90-minute program will be presented live on: March 6, 10:00-11:30 a.m. Central Time
Recording available through: June 6, 2019
Price: $275

 

A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other. The person authorizing the other to act is the principal, grantor, or donor (of the power).  Bankers are frequently challenged by non-customers claiming to have authority under a power of attorney created by a bank customer.  This webinar addresses the do's, don'ts and can nots of powers of attorney.

 

Key topics to be covered includes:

  • Aspects of an agency relationship
  • Where the bank stands in the three-part relationship between the Principal, the Agent and the Bank
  • Types of POAs
  • Formats of POAs
  • Effects caused by death of the Principal
  • Terminating a Power of Appointment
  • Liability of the bank for not accepting a valid POA
  • What the bank can rely on without further investigation
  • The use of certifications

 

Target Audience: Trust department personnel, personal bankers

Shopping Cart

Your cart is empty