Webinar: When a Depositor Dies: Actions to Take, Mistakes to Avoid
October 9, 2024 3:00 pm - 4:30 pm
Do you know how to handle the death of a depositor?
What are the implications? What documentation is required? Is there a beneficiary? How and where are assets transferred? What about tax reporting, insurance, estates, account changes, businesses, etc.? Attend this webinar to get the lowdown on deftly dealing with a depositor’s death.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Report taxes to the IRS after death
- Avoid estate setup mistakes
- Define “knowledge” of death and its requirements
- Explain accounts that have will bypass rights at death
- Distinguish formal estates and small estate affidavits
- Manage check issues
- Unpack specialty accounts like UTMAs, guardianships, Social Security representative payees
- Help business accountholders take appropriate action when a key player dies
- Explain to accountholders what happens regarding insurance after death
WEBINAR DETAILS
Your accountholder is deceased. Now what? This webinar will explain how different legal ownerships have different results at death. Not every account has a beneficiary designation, so what comes next? You’ll learn about rights at death on accounts and how to transition ownership to an estate when appropriate. The program will also cover insurance changes, IRS reporting requirements, handling checks at death, and dealing with business accounts after death.
WHO SHOULD ATTEND?
This informative session will benefit branch operations personnel, compliance staff, trainers, branch managers, and new account representatives.
TAKE-AWAY TOOLKIT
- New account manual with flowcharts for handling accounts at death
- 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
Speaker: Deborah L. Crawford, GetTechnical Inc.
Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees. Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.