Calendar of Events

Controlling the Risks of Power of Attorney Documents

11/16/2017, 1:30 PM to 3:30 PM

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Controlling the Risks of Power of Attorney Documents


Presented by Terri D. Thomas
Thursday, November 16th, 2017
1:30 pm - 3:30 pm CT
 

Covered Topics:

  • What are the relationships among the customer, the attorney-in-fact and the financial institution?
  • What is the difference between a durable and non-durable power of attorney?
  • How does a financial institution determine if a power of attorney is general or limited?
  • What steps must a financial institution take to protect itself when relying on a Power of Attorney?
  • What language should the financial institution look for in the Power of Attorney document when completing a transaction for the attorney-in-fact?
  • How is a Power of Attorney revoked and when is that revocation binding on the financial institution?
  • What transactions create the greatest risks for financial institutions relying on power of attorney documents?
  • What attorney-in-fact representations may a financial institution typically rely upon?
  • How should a financial institution handle out-of-state powers of attorney?

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