July 18, 2012
12:00 pm - 1:30 pm PT
1:00 pm - 2:30 pm MT
2:00 pm - 3:30 pm CT
3:00 pm - 4:30 pm ET
Meet the Presenter
Deborah L. Crawford, gettechnical inc
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This webinar is one of the most important
you will attend in your deposit career!
Your member passed away yesterday and the family is grieving. Yet, in the midst of all the remembering and honoring of a life, the legal and compliance clock is ticking. In most states, checks can be paid for 10 days after the date of death. However, ACH items cannot be paid once we know the member is deceased.
When your deposit member dies, many issues and questions arise. Who can have information on the account? Who owns the account? Who has access to the account? What happens with powers-of-attorney and authorized signers on an account? Can the spouse of the sole proprietor continue to access the account? What about that last tax refund check? Is the account still insured? Can a check be written to a funeral home? What about the checks coming in to pay funeral expenses? Learn about checks, IRAs, deposit ownership, trusts, UTMA, affidavits of heirship, and other complex issues that can occur when a member dies. Join us for 10 lessons you should know before handling a deceased member’s accounts.
- Probate versus non-probate transfers
- When does the will govern and when does the signature card?
- What by-passes a will? PODs, IRAs, JTWROS?
- Living trusts and successor trustees
- When do we know that a member is deceased?
- When can we use small estate affidavits?
- What happens to powers-of-attorney, authorized signers, etc?
- How are IRAs, HSAs, and UTMAs affected?
- Do sole proprietorships cease at death?
- NCUSIF insurance issues
WHO SHOULD ATTEND?
This informative session is designed for member service representatives, branch administration, branch managers, tellers, training and development staff, compliance personnel, and anyone who handles member accounts.