15 Common Errors on Signature Cards: Impact on Rights at Death,


Presented by:
Deborah Crawford

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Risk management is the buzz word of the day. Your financial institution is making risk assessments every day! Yet, one of the greatest areas of potential loss is probably not even looked at. The signature cards you opened many years ago are sitting like ticking time bombs waiting to go off when someone dies or divorces or your institution fails. Since signature cards create will bypasses such as WROS and POD, if they are improperly set up or changed it may cause potential problems for your customers and their families. Learn 15 common errors that are made on signature cards every day all across the country and how to avoid them.

What you will learn:
  • What causes the Bermuda triangle syndrome on signature cards: Ownership, titling and signature
  • Errors that make you cringe and cost you money
  • Understanding WROS, WOROS, Tenants in Entirety and Louisiana laws, which include none of them
  • ITF, ATF and POD when set up wrong can cause your customer's account to go through estate settlements that he or she was trying to avoid
  • Letting an attorney-in-fact change ownership to benefit him or herself and how it can cost you $615,000
  • What happens when the ownership box says joint and the title says UTMA
Who should attend:
New accounts representatives, Branch managers, Branch administration, training, customer service representatives and all frontline personnel that open deposit relationships

About the Speaker: Deborah Crawford is the President of gettechnical inc, a Baton Rouge-based firm, specializing in the education of banks and credit unions across the nation. Her 23+ years of banking and teaching experience began at Hibernia National Bank in New Orleans . She graduated from Louisiana State University with both her bachelor's and master’s degrees. Deborah's specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.

You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety on June 2012. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_signature0612
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Wednesday 02 May, 2012.

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