Course Description
Introduction to Trust
Products and Services is a foundational, skill building course for trust
professionals. It will help new trust professionals understand the fundamentals
of the business, how a trust works, the types of assets commonly held in a
trust and the basics of estate planning. The course describes the personal
trust document and the process by which trust officers establish a trust for
their clients.
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Price |
$225 |
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Course Length |
5 Weeks |
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Course Credits |
AIB: 1.0; ICB: 20 CFTA (FID) |
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Prerequisites |
None |
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Required Software |
Adobe Acrobat Reader; Microsoft Internet Explorer Browser 7.0 or Mozilla Firefox 2.0 or higher |
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Textbook |
All readings for this course are provided online. |
Audience
Those employees who have recently joined the trust department in support positions, non-trust personnel within the bank who work with trust officers and trust clients, as well as employees of service providers to trust companies who want to develop a better understanding of their clients' business needs.
Learning Objectives
After successfully completing this program, you will be able to:
· Determine what an estate is
· Understand the estate planning process
· Explain federal estate taxation
· Distinguish between personal and real property
· Compare forms of property ownership
· List the methods of property transfer
· Contrast the forms of business ownership
· Distinguish types of trusts
· Compare testamentary and living trusts
· Describe the characteristics of a good trustee
· Describe the reasons for creating an irrevocable trust
· Explain the structure of an A/B trust plan
· Recognize the mechanics of an irrevocable life insurance trust
· Contrast the various types of charitable trusts
· Describe the dispositive provisions of a trust before and after the grantor's demise
· Analyze trustee vacancy and cotrustee considerations
· Understand the execution of a trust and proof of a trust's existence
· Define and use the terms that appear in bold in the text
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