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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