Presenter: Jim Lethert, Attorney
|This 90-minute program will be presented live on:||October 15, 10:00-11:30 a.m. Central Time|
|Recording available through:||January 15, 2020|
What is your Power of Attorney IQ? Bankers are frequently challenged by non-customers claiming to have authority under a power of attorney created by a bank customer. Do you know…
- What makes a POA properly executed in one state not valid in another state?
- What type of authority is constituted by a POA?
- What a springing power is?
- What three ways a principal’s signature is acknowledged?
- What makes a POA durable?
- Who are the three parties in a normal POA arrangement?
- In what situation can a bank could be sued and lose in a POA arrangement?
If you don’t know the answers to the above questions, then this program is for you!
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
- What the bank can rely on without further investigation
- The use of certifications
Target Audience: Trust department personnel, personal bankers
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