This session will provide an overview of common credit union issues which occur regarding deceased members. We will cover how to handle different types of accounts; payment of dividends; checks presented for payment or deposit; loans; safe deposit boxes; powers of attorney; social security payments and privacy and confidentiality.
Speaker: Gretchen Jones’ practice is focused on representing and counseling financial institutions and other businesses, as well as individuals and businesses in estate administration and planning and business succession planning. She has extensive experience in legislative and regulatory advocacy on behalf of clients before the Maine Legislature, members of Congress, federal financial regulators and state agencies. Her expertise encompasses regulatory compliance; consumer, commercial and municipal finance; charter conversions; and mergers and acquisitions. Gretchen's practice also includes advising family-owned businesses.