B2B: Handling Deposit Accounts for Deceased Accountholders

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CE Credits: 1.25 CRCM

Description:  Join us, as we examine the varying considerations associated with the management of deposit accounts after the bank has been notified of an accountholder’s death. In this webinar, we will discuss how the bank’s rights and responsibilities differ depending upon certain aspects of the account, such as whether a right to survivorship applies or there are any beneficiaries on named on the account.  We will further examine how the concept of “death” applies to an entity or a beneficial owner listed on an entity account. Finally, we will walk through how payments received after death should be processed, as well as general account closure procedures.

Key takeaways include:

  • The Right of Survivorship’s effect on account distribution
  • The “death” of an entity
  • Payments received in the name of  deceased accountholders
  • Payable-on-Death designations

People who should attend:

Branch Managers, Front Line Personnel, Tellers, BSA Officers and personnel, Senior Management, Compliance Officers, Customer Service staff and Internal Auditors.

Presenter:  Carol Ann Warren, JD
Associate General Counsel

Carol Ann Warren serves as Associate General Counsel for Compliance Alliance. She graduated cum laude from Mississippi College with a Bachelor of Finance. She earned a Juris Doctorate and a Master of Business Administration through a joint degree program at Mississippi College School of Law and Mississippi College. During law school, she received Best Paper Awards for Securities Regulation and Electronically Stored Information. She is one of our featured authors on the B/A ACCESS magazine and for other publications.
After graduation, Carol Ann worked as an attorney for the Mississippi Insurance Department, where she began her passion for helping others navigate through the regulatory environment. She has a diverse educational and experiential background in business management, business law, securities, and insurance. Carol Ann is a licensed attorney in Mississippi, Tennessee, and Texas.