Who’s Got the Power: An Overview of Guardianships, Trusts, Power of Attorney & Decedent Accounts

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ABA CE Credits: 1.25 CTFA

Join us as we discuss the general powers and limitations of fiduciary agents, such as guardians, trustees, and power of attorneys. Further, we will cover the rights and responsibilities of both the bank, as well as any agents, when handling decedents’ accounts.

This webinar will provide a generalized, non-state specific examination into the requirements and risks when a bank is dealing with a fiduciary. It will outline the account opening documentation requirements, the difference between these various fiduciary types, as well as providing some general insight on how to analyze documents granting fiduciary rights.

Key Takeaways:

  1. Account opening documentation
  2. Assessing and questioning documents’ validity
  3. Incapacitated accountholders
  4. Differing types of fiduciary powers

People Who Should Attend: 

Customer Service Personnel, Personnel whose responsibilities include opening or managing new accounts, BSA Officers, Deposit Operations Personnel, Branch Administration, CIP Managers, Training and Business Development Officers, Internal Auditors, and Compliance Officers.

Presenter:  Elizabeth K. Madlem, JD,
Vice President of Compliance Operations and Deputy General Counsel

Elizabeth is the Vice President of Compliance Operations and Deputy General Counsel at Compliance Alliance. In the past, she served as both the Operations Compliance Manager and Enterprise Risk Manager for Washington Federal Bank, a $16 billion dollar organization headquartered in Seattle, WA. She has industry expertise and real-world solutions surrounding bank-enterprise initiatives and knowledge of contract law and bank regulatory compliance. An attorney since 2010, Elizabeth was a Summa Cum Laude, Phi Beta Kappa, Delta Epsilon Sigma graduate of Saint Michael’s College in Burlington, VT, and a Juris Doctor from Valparaiso University School of Law in Indiana.

As the Vice President of Compliance Operations, Elizabeth oversees C/A’s Products and Services and plays an important part in all operational areas of C/A.