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Today is: February 18, 2020  
 

 

Upcoming BCG Webinars

BCG Webinars are an optional resource offered once a month over the Web. Topics include Levies and Executions, New Accounts Documentation, Flood Insurance and Doing Business with Family Trusts. Additional Webinars will be posted below as their respective dates approach. To view past Webinar schedules and descriptions, click here or contact us if you have additional questions.  To order past Webinar CD's, click here.

Upcoming BCG Webinars        

  

   

Understanding Powers of Attorney

Tuesday, February 25, 2020

10:00 - 11:30 a.m.

 

There are a number of laws governing powers of attorney which makes determining whether to accept any given power of attorney difficult. Further complicating matters, often a power of attorney is not clearly drafted which then raises concerns over whether to permit the attorney-in-fact to access the principal’s financial accounts or safe deposit boxes.

What are the rights of financial institutions when it comes to relying on a power of attorney? Can an institution accept a copy of a power of attorney if the original is not available? What if there are concerns over whether the principal is incapacitated, yet the power of attorney is not durable? How is the principal’s incapacitation even determined? What if there are multiple attorneys-in-fact or multiple powers of attorney?

Join us at this Webinar as we answer these and other questions. As part of our discussion, we will also consider the protections afforded a financial institution when accepting a power of attorney that is covered by the California Probate Code. 

 

 

 

 
 
 
 
 
 
 

 

 

 

Doing Business with Family Trusts

Thursday, February 27, 2020

10:00 a.m. - 12:00 p.m.

 

Family trusts, once the exclusive preserve of the wealthy, have become commonplace. As a result, financial institutions face questions every day on how to deal with trusts and trustees. Trusts are remarkably flexible vehicles, with the result that very few hard-and-fast rules apply. We will address both lending and bank operations issues.

As the baby boomers enter into their twilight years, financial institutions are increasingly facing new issues as to the succession of trustees, bifurcation of trusts (“A” and “B” trusts), and dealing with holders of powers of attorney who think they can manage a trust.

You will receive a downloadable, detailed discussion outline, not just skimpy PowerPoint slides! 

 

 

 

 
 
 
 
 
 
 

 

 

 

Documenting Your Customers

Thursday, March 19, 2020

10:00 a.m. - 12:00 p.m.

 

With all the different types of business entities, lenders and new accounts personnel have challenges in properly identifying their customers or members and in understanding an entity’s legal structure. Customer Identification Program rules impose specific regulatory requirements for identifying borrowers. In addition, the Beneficial Ownership Rule applies. For example, a failure to identify a borrower properly may not only impair the lender’s security interest and put the collectability of the entire loan at risk due to UCC Article 9’s requirements, but also could result in compliance violations. The same can be said if an institution fails to properly identify a new customer opening a deposit account — it could result in any number of compliance violations, including violations of OFAC, BSA and IRS information reporting regulations.

This Webinar will address these issues in a “workshop” format providing checklists for the types of documents that financial institutions should obtain from the various types of business entities.

 

 

 

 

 

 

 
 
 
 
 
 
 

 

 

 

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