Overview
This program is designed to help bankers provide superior customer service to depositors while reducing risks to the bank. It will help bankers assist their customers in selecting the appropriate accounts to meet the needs of the customers. Specific topics include individual accounts, sole proprietorships, joint accounts, business accounts, trusts, transfers to minors, powers of attorney, estates and conservatorships. A common theme for each of these topics will be how to use various types of accounts to provide innovative methods of handling the customer’s funds. The program is designed for new and experienced account officers.
Topics
Account Types and Ownership, Benefit and Control
- Individual Accounts
- Sole Proprietorships
- Death or Incapacity of an Individual Owner
- Titling
- Joint Accounts
- Tenancy in Common
- With Right of Survivorship
- By the Entirety
- Titling
- Pay on Death
- Right of Setoff after Death
- Titling
- Trust Account
- Trust Basics
- Irrevocable Trusts
- Trust Certifications
- Successor Trustees
- Titling
- Estate Accounts
- Estate Basics
- Small Estate Affidavit vs. Letters Testamentary
- Supervised vs. Independent Administration
- Titling
- Minor Accounts
- Uniform Transfers to Minors
- Joint Account with Parent
- Foster Kid Accounts
- Titling
- Common Issues; Responsible Parties
- Corporate, Partnership and LLC Accounts
- Due Diligence Review
- Confirming Authorized Signers
- Regulatory Requirements
- Death or Incapacity of an Authorized Signer on an Account Owned by an Entity
- Titling
- Personal Custodians/Custodians for Adults
- Power of Attorney
- Basics
- Durable Powers of Attorney
- Due Diligence
- Common Issues/Red flags
- Limitations and Restrictions
- Representative Payee
- Titling
Campaign, Candidate and Political Action Committee Accounts
Special Account Designations Associations/Informal Groups
Taxpayer ID Guidelines; Consequences of Using the Incorrect Number
Adverse Claims to Accounts and Account Disputes
Adding and Removing Account Owners
About the Instructor
Mara J. Lahnar, Partner – Mickes O’Toole
Mara Lahnar is a corporate law attorney at Mickes O’Toole, and her focus is on banking and finance law. Mara works with banks and other financial institutions on general corporate matters, loan documentation, regulatory compliance, contract review, foreclosures and loan enforcement, litigation strategy and workouts.
Recently, Lahnar was instrumental in updating the MBA Titling Accounts Manual.
Before joining Mickes O’Toole, she spent approximately nine years with a large law firm in St. Louis. During that time, Lahnar also gained some experience in estate planning, probate and trust administration.
Lahnar is licensed to practice law in Missouri and Illinois, including the eastern and western districts of Missouri and the southern district of Illinois. She is a member of the Missouri Bankers Association’s Bank Counsel Section.