CUNA Fiduciary Relationships: 3-part Webinar Series (recorded)

CUNA Fiduciary Relationships: 3-part Webinar Series (recorded)
Date:
10/09/2018 To 12/31/2020
Product Code:
AWS3FR18
Speaker:
  • $595.00
    CUNA Member Price
  • Non Member Price $1,190.00
  • Learn how to become a member here: cuna.org/join

 
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Assisting members that utilize fiduciary relationships when titling their accounts often results in more questions and confusion for credit union staff who may not fully understand how these fiduciary relationships impact account set-up, forms, transaction processing, and more. Along with the fact that these types of fiduciary relationships have both legal and practical implications for your credit union. This event is produced by the

Who should attend?

Accounts opening staff, tellers, front-line staff, operations staff, branch managers, anyone working with members that needs to understand more about fiduciaries as legal relationships.

Topics

Working with Trusts & Trust Accounts 

Members that have trusts and utilize trust accounts can often create confusion for credit union staff wondering who they can transact for, who owns the funds, and who can request changes. These types of trust fiduciary relationships impact account set-up, forms, transaction processing, and more. Attend this session as attorney Gretchen Jones explains how these trust relationships should be handled by staff, as well as the legal and practical implications for your credit union.

Understanding Other Types of Fiduciaries Commonly Seen in the Credit Union 

Please join us for this session as attorney Gretchen Jones explains how several types of fiduciary relationships, sometimes used by our members, are to be handled by credit union staff. It is critical that staff understand both the practical and legal implications of these fiduciary relationships so they know who they can speak with about the accounts, who they can transact for, and how to properly set-up the accounts to establish the fiduciary relationship in the first place. The following forms of fiduciary relationships often create confusion and result in commonly asked questions by staff as they work with these types of fiduciaries, including:

• Minors’ accounts

• Powers of Attorney

• Guardians / Conservators

• Social Security Representative Payees

• Agency / Convenience accounts

Working with Estates and Managing Deceased Members’ Accounts

During those difficult times for our deceased members’ families, we can provide compassion, sympathy, and of course proper handling of the decedent’s accounts at the credit union to help in their time of need. To ensure we expedite the process and follow legal parameters established by wills and estates; join attorney Gretchen Jones as she explains how to properly handle deceased members’ accounts and know who you are to provide information for, transact for, and how to update the credit unions records to record the death of a member.

During this session you will learn about:

• Deceased members

• Estates & Personal Representatives

• Other legal considerations related to decedent members’ accounts

Recorded webinar series length: 3 hours (each session is 1 hour)

This webinar series is available to CUNA Training Bundle users at no additional cost.

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Additional Information