When a Depositor Dies
StreamedDec 7, 2022Duration90 minutes
See Registration Options
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
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.
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
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.
WHO SHOULD ATTEND?
This informative session will benefit all deposit operations personnel, collections staff, service representatives, compliance staff, auditors, attorneys, and managers.
- 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
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.
"The information was timely, our Credit Union had a discussion on this topic last week. Now, I am armed with information to pass along. She responded to every question submitted by attendees in an easy-to-follow manner."
- Cynthia, Neighbors Federal Credit Union
"Very informative and details. Loved the scenarios of different situatiions."
- Dana, Neighbors Federal Credit Union
Spencer Fane LLP
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