Presenter: Bill Elliott, Young & Associates
Recent headlines have indicated that the millennial generation will soon be receiving a transfer of wealth that will dwarf previous generational transfers. Of course, not all transfers of wealth involve death – sometimes the transfer is the result of other legal issues, such as divorce. The reality is that however the transfer of assets happens, some of the assets will come complete with debt. The Successor in Interest rule is designed to allow bankers to safely deal with the issues surrounding transfers of assets that have debt attached, and avoid all privacy issues and similar risks.
This webinar will address:
- Who is a Successor in Interest?
- What steps are necessary to establish Successor in Interest?
- How can bankers use this rule to limit privacy and other risks for the bank
Target Audience: This program addresses the concept of Successor in Interest, which is a lending issue. It is designed for senior management, and those individuals that manage the loan servicing process