Dates of Event & Pricing

$395 for BOTH Webinars and Playbacks*

*Playbacks have no expiration and may be shared internally.

  • Friday, August 9, 2019 (Both Parts)

  • 12:00 – 3:30 pm (Eastern Time)

  • 11:00 – 2:30 pm (Central Time)

  • 10:00 – 1:30 pm (Mountain Time)

  • 9:00 – 12:30 am (Pacific Time)

Curriculum

Part 1: Safe Deposit Box Deputy and Power of Attorney (POA) Issues

This first installment in this 2-part safe deposit training covers various POA issues that should be understood by safe deposit personnel. It explains the differences between a POA and the appointment of a deputy on a rented safe deposit box.

The training focuses on the following:

  • POA Fundamentals
    • Purpose of POA form
    • Principal
    • Attorney in Fact
    • Agent
    • Agent Duties
    • Principal Rights
  • Types of POA Forms
    • Durable General POA
    • Non-Durable General POA
    • “Springing” General POA
  • Important Observations
    • Revocation of Previous POA by New POA
    • Durable POA in Force Until Death of Principal or Termination
    • Action if More than One Agent
    • Option to Designate Monitor(s)
    • “Hold Harmless” Paragraph

POA forms differ by state. The comprehensive New York State form will be used in order to review the key parts of the Uniform POA form.  All safe deposit personnel should be familiar with their own state POA form which will include the POA fundamentals and important observations covered in this webinar. State forms, however, may contain certain peculiarities.

The take away for this safe deposit webinar is that safe deposit staff will become familiar with all important aspects of the POA.

Part 2: Safe Deposit Box Decedent Renter Issues

This 2nd installment of safe deposit legal issues addresses issues related to: 

  1. Documentation of the death notification
  2. Sealing the decedent’s box
  3. Temporarily denying access

This training will also discuss in detail the following topics:

  • Will search orders
  • Inventory taking at the Will search access
  • What to do if a Will is found?
  • Empty box procedures
  • Release of contents requirements
  • Letters testamentary
  • Letters of administration
  • Preliminary letters

When a box renter dies the bank must be especially careful about access to the box of the decedent, particularly at the time of a will search order.

Instructor

  • Paul Sanchez

    Paul Sanchez

    PSA Professional Service Associates / Founder


    Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.