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Date(s) - April 20, 2017
9:15 am - 10:15 am

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Powers of Attorney and Financial Institutions:Oil and Vinegar? (April 20, 2017 9:15 AM – 10:15 AM)
Although a power of attorney is an important component of an overall estate plan, sometimes the best laid plans go awry. Banks and other financial institutions regularly reject otherwise valid powers of attorney drafted in accordance with applicable state law, creating complications and possible
extreme hardship for our clients and their families. This panel, including a representative from the banking compliance world, will discuss current issues relating to powers of attorney, along with practical solutions and potential statutory changes that might facilitate more widespread acceptance of powers of attorney by banks and other financial institutions.

Topics include:

  • Springing versus immediately effective powers of attorney
  • Selecting the proper agent, including multiple agents, successor agents, and compensation of agents
  • Monitoring the agent, including whether there is an affirmative duty to act, and accounting proceedings
  • Reliance by third parties on the power of attorney, including remedies available when a power of attorney is not honored
  • Estate and elder law planning using powers of attorney

Program Chair and Moderator: Bernard A. Krooks, Esq., Littman Krooks LLP

Registration can be found here. To view the program brochure, click here.