What to Do When a Customer Dies

This webinar focuses on the deposit and loan issues that arise when a customer dies.

Wednesday, August 21st, 2024
10:00 am - 12:00 pm
Presented by Terri D. Thomas
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Collections
  • Commercial/Business Lending
  • Compliance
  • Deposit Accounts
  • Deposit Compliance
  • Lending
  • Lending Compliance
  • Management/Employee Development
  • Bank Legal Counsel
  • Commercial Lender
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Deposit Operations Manager/Specialist
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • New Accounts Representative
  • Training Manager
  • Trainer

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Oftentimes, when a financial institution learns a deposit or loan customer has died, confusion about what to do next seems to be the result.

We’ll walk you through the best practices when dealing with a customer’s death – both on the deposit side and the loan side, as well as unique issues that can arise when doing business with the decedent’s estate.

This webinar provides information on best practices, rather than the unique features of any state’s probate laws.

What You'll Learn

  • Documents required upon the death of an individual
  • Actions to be taken on deposit accounts owned by the decedent
  • How to deal with the decedent’s estate or lack thereof
  • How to handle death as a default on a loan
  • Mortgage servicing rules that impact consumer mortgage loans after death
  • What to know about doing business with the borrower’s estate
  • Steps to take to protect collateral after the borrower has died
  • How the death of a key person affects the borrowings of Corporations, Partnerships, Limited Liability Companies, Trusts, and other legal entities

Who Should Attend

New account representatives, personal bankers, customer service representatives, lenders, and loan operations personnel will gain knowledge from this course.

Terri D. Thomas

Instructor Bio

Terri D. Thomas, JD is the Director of the Kansas Bankers Association Legal Department, which specializes in providing compliance and legal assistance to Kansas banks.

Terri has worked with financial institutions for over thirty-nine years in various capacities. Most notably, she served for fourteen years as in-house legal counsel and trust officer for Bank of America and its Kansas predecessors. She has also served as a trust department manager and branch manager.

Receiving her Bachelor of Arts degree from Kansas State University in 1985, Terri continued her education at Washburn University School of Law and obtained her Juris Doctor in 1988. She has served as an Adjunct Professor at Washburn University School of Law in Topeka, Kansas and the University of Kansas School of Law in Lawrence, Kansas, and is a frequent seminar presenter for financial associations in the Midwest.