How is a Power of Attorney revoked and when is that revocation binding on the financial institution?
· How to establish the financial institution relationship, including changing titles and performing transactions (loans or deposits)? · How many co-trustees does it take to bind the trust? · When can a successor trustee do business for the trust? · Can a power of attorney be used with a trust document? · Can a trust own a safe deposit box? · Can a trust co-own an account with another trust (or person)? Presenter: Terri D. Thomas is Of Counsel with the Kansas Bankers Association. Prior to this, she was with “Bankers Choice,” a financial consulting firm. Before this, Terri was employed in the financial industry for over twenty-three 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. 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. Presently, sh
