Financial institutions are
required to complete transactions
for customers involving Power of
Attorney documents. To protect
your financial institution's
interests when using these
documents, it is imperative to
understand the basic do's and
don'ts.
This presentation will provide
financial institution personnel
with best practices to use when
dealing with these complex legal
documents.
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?
Who Should Attend?
Financial institution employees involved with
opening new accounts, deposit or loan documentation and
operations will find this seminar very useful.
Instructor
Terri D. Thomas is Senior VP and Legal Department
Director for the Kansas Bankers Association. Prior to this, she was
with "Bankers Choice," a financial consulting firm. Before this, Terri
was employed in the financial industry for over twenty-three years in
various capacities.
Most notably, she served for fourteen years as in-house legal
counsel and trust officer for Bank of America and its Kansas
predecessors. Receiving her Bachelor of Arts degree from Kansas State
University in 1985, Terri continued her education at Washburn
University School of Law and obtained her Juris Doctor in 1988.
Currently, she serves as an adjunct instructor at Washburn
University School of Law. She has previously been an adjunct
instructor at the University of Kansas School of Law, and is a
frequent presenter for banking schools and financial associations.
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