This webinar focuses on how fiduciary banking has changed in the last few years and how some of those changes have created ethical challenges that guardians should be ready to respond to with good policy and procedure. Some topics covered include online access, non-check transactions, and walk in branch limitations. A main focus will be on the Know Your Client laws and how that change impacts the fiduciary relationship with the bank account or accounts. And, how this one change alone creates a problem with what used to be considered ethical banking practice. The final discussion covers how to craft policy and procedure that acknowledges the new rules and allows the guardian to apply them in a consistent manner.
Participants will learn what some of the new rules are in fiduciary banking and will receive some tips on how to create policies and procedures that reflect these new rules.
About the Presenters: Leesa Arthur
Leesa Arthur is a Washington State Certified Professional Guardian who has been working as a professional fiduciary since 1994. Her current focus is on managing complex guardianship matters, small trusts, and VA Fiduciary appointments.
Continuing Education Credit
The webinar is eligible for one hour of continuing education credit from the Center for Guardianship Certification.
