AIB Trust Basics
Course Code: 8261
Length: 16 Weeks
Audience: This course is designed for non-trust bank personnel and those who have recently come into the trust department in support positions, entry-level personnel, employee benefits, and corporate trust officers. .
Description: This AIB course provides you with an overview of the trust department in a commercial bank, including how it fits into the bank's overall operations, the services it provides, and generally how those services are delivered. Particular emphasis is placed on the importance of accumulating, preserving, and disposing of an estate.
Objectives: After successfully completing this program, you will be able to:
- Explain the principles of estate planning and estate taxation
- Distinguish between types of assets and forms of property ownership
- Describe the purpose and scope of various agency relationships
- Define the basic concepts of stocks, bonds, mutual funds, and common trust funds
- Analyze a will and list the steps of the administration and settlement of an estate
- Distinguish the types of guardianships that exist and compare powers of attorney for property and healthcare
- Define what a personal trust is, reasons for having one, and the characteristics of a good trustee
- Explain the reasons for and tax concepts of gifting
- List the types of corporate retirement plans that exist and profile the establishment and administration of a retirement plan
Text Book: This course uses Trust Basics: An Introduction to the Products and Services of the Trust Industry, 3nd edition, 2006, ABA
Recommended Course Credits: AIB: 3.0
Prerequisites: None
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.