Successfully Negotiating the Minefield of Powers of Attorney – What Bankers Need to Know - Fa19

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: October 15, 10:00-11:30 a.m. Central Time
Recording available through: January 15, 2020
Price: $275

 

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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