American Association of Daily Money Managers

Live: Financial Powers of Attorney: Practical Applications and Limitations



This webinar is designed to provide basic background on agency law concepts and selected statutory rules applicable to financial powers of attorney. The webinar will use practical examples to illustrate frequently asked questions, common uses for powers of attorney, and limitations presented. Participants will learn to spot and solve common issues presented by financial powers of attorney.

Intended Audience: DMMs currently serving as agents under a financial power of attorney for their client base or considering adding this service to the services they offer; DMMs and other firms who are presented with powers of attorney or asked to honor them.

Presenter: Erica E. Lord, Senior Legal Counsel/Senior Vice President, The Northern Trust Company
Erica advises Northern Trust’s Wealth Management, Estate Settlement, and Global Family Office divisions, as well as The Northern Trust Company of Delaware, on fiduciary matters affecting trusts of which Northern acts as fiduciary. She regularly advises regarding fiduciary duties and decisions affecting beneficiary distributions, agency relationships, investments, lending, estate administration, foreign trusts, and retirement benefits. On a regular basis, Erica works closely with business leaders to resolve complex questions involving powers of attorney, agency concepts, and their intersection with complex fiduciary issues.

The information presented here is not intended to substitute for legal, accounting, tax or other professional advice. Probate and contract law varies form state to state. All members are advised to obtain advice from professionals in his/her own state. Any information and reference materials recommended by other members should not be relied upon as being comprehensive or error free. Any legal documents shared by members should be reviewed by an attorney in the member's home state.
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