Event Calendar

Wednesday, December 7, 2022

When a Depositor Dies Webinar

Start Date: 12/7/2022 9:00 AM MST
End Date: 12/7/2022 10:30 AM MST


Event Website: https://financialedinc.com/when-a-depositor-dies

Organization Name: Independent Community Bankers of Colorado

Contact:
Maelynn Lewis
Email: mlewis@ibcbanks.org
Phone: (720) 607-7937

What must be done after an accountholder dies? Can checks still be negotiated?  Who can access the deposit accounts?  What changes can be made? What about taxes, Social Security, setoff, and dealing with the family? If you don’t have all the answers, this is the webinar for you. It could happen today – a depositor dies. Your institution must act promptly and appropriately to avoid any liability. This webinar will thoroughly explain the proper actions that should be taken when a depositor dies and delve into the best practices used by other institutions. Legal requirements and practical issues will be addressed as well.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Distinguish when checks can be paid after an accountholder’s death
  • Define who can negotiate a check made payable to the deceased accountholder
  • Identify who is entitled to the account upon the accountholder’s death
  • Determine when the deceased’s accounts can be set off for debts owed to your institution
  • Understand how to deal with the deceased’s estate or relatives
  • Explain when Social Security funds can be reclaimed
TAKE-AWAY TOOLKIT
  • Sample procedures for handling the accounts of a deceased accountholder
  • Guide to federal government ACH payment reclamations
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits
WHO SHOULD ATTEND?
This informative session will benefit all deposit operations personnel, collections staff, service representatives, compliance staff, auditors, attorneys, and managers.
 
DON’T MISS THESE RELATED WEBINARS!
When a Borrower Dies, recording available
When a Business Owner Dies, Sells, or Delegates Authority, recording available
 
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.
 
MEET THE PRESENTER
Elizabeth Fast, JD, CPA, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. On-Demand Webinar Includes
  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.