How to Handle Fiduciary Accounts – Trusts, Estates, and Powers of Attorney

Learn how to handle issues concerning trusts, estates, powers of attorney and other fiduciary accounts.

Tuesday, September 17, 2019 | 2:00pm – 3:30pm ET

Purchase Now

Sooner or later every credit union has to deal with a deceased or incapacitated member.  This leads to questions about who is authorized to access accounts, what documentation must be provided and what due diligence is the credit union required to conduct.  This webinar will teach you how to work through these complex issues in a systematic way that reduces risk for your credit union.
 

Key Takeaways:

  • Determine whether a power of attorney is valid and the scope of the agent’s authority
  • Review the due diligence requirements necessary to open a fiduciary account
  • Understand how to prevent problems with Payable on Death (POD) accounts
  • Discuss Guardianship and Conservatorship Accounts
  • Walk through BSA considerations for fiduciary accounts

Purchase Now

$295 Members | $395 Nonmembers 
(Additional $50 for CD)
One registration gives your entire team access to the live webinar and on-demand recording until September 17, 2020
Already registered? Go to the Online Training Center to view.

Who Should Attend?

  • NAFCU Certified Compliance Officers (NCCOs)
  • NAFCU Certified Risk Managers (NCRMs)
  • NAFCU Certified Bank Secrecy Officers (NCBSOs)
  • BSA staff
  • Compliance staff
  • Risk staff
  • Credit Union Staff Attorneys

Education Credits

  • NCCOs will receive 1.5 CEUs for participating in this webinar.
  • NCRMs will receive 1.5 CEUs for participating in this webinar.
  • NCBSOs will receive 1.5 CEUs for participating in this webinar. 
  • CPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Associate Director of Education, NAFCU
  • Learning Objectives: Determine whether a power of attorney is valid and the scope of the agent's authority.  Review the due diligence requirements necessary to open a fiduciary account.  Understand how to prevent problems with Payable on Death (POD) accounts.  Discuss Guardianship and Conservatorship Accounts.  Walk through BSA considerations for fiduciary accounts.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended Field of Study: Regulatory Ethics - Technical
NASBA Sponsor Logo

National Association of Federally-Insured Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webinars

Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

About the Presenter

Alexander W. Powell, Jr., Member, Kaufman & Canoles, P.C.
Alexander W. Powell, Jr.

Member, Kaufman & Canoles, P.C.