When a Depositor Dies: Actions to Take, Mistakes to Avoid

What are the implications? What documentation is required? Is there a beneficiary? How and where are assets transferred? What about tax reporting, insurance, estates, account changes, businesses, etc.? Attend this webinar to get the lowdown on deftly dealing with a depositor’s death.

• Report taxes to the IRS after death
• Avoid estate setup mistakes
• Define “knowledge” of death and its requirements
• Explain accounts that have will bypass rights at death
• Distinguish formal estates and small estate affidavits
• Manage check issues
• Unpack specialty accounts like UTMAs, guardianships, Social Security representative payees
• Help business accountholders take appropriate action when a key player dies
• Explain to accountholders what happens regarding insurance after death