AIB Basic Administrative Duties of a Trustee
AIB Course Code: 8263
A fiduciary has a duty to hold the assets of an estate or trust, to administer the assets solely in the interest of the beneficiaries, and to carry out the terms of the trust. Many of the specific categories of duties that fall under these broad classifications will be discussed in this course including basic trust administration, agency relationships, guardianships, and wills and the probate process.
Course Length 5 Weeks
Course Credits: AIB: 1.0; ICB: 20 CTFA (FID)
Prerequisites: None
Required Software: Adobe Acrobat Reader; Microsoft Internet Explorer Browser 7.0 or Mozilla Firefox 2.0 or higher
Text book: Trust Basics: An Introduction to the Products and Services of the Trust Industry, 4th edition, 2008, ABA
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:
- Discuss a trustee's standard of performance
- Explain the basic principles of administration
- Analyze administrative duties directed internally by a trust
- Describe external factors associated with the administration of a trust
- Define the purpose of state trust statutes
- Describe an agency relationship
- Explain the forms of agencies and their features
- Explain the attributes of using a trust department as an investment manager
- Define incapacitation
- Distinguish the types of guardians and guardianships
- List the duties of an estate guardian
- Describe the newer forms of guardianships
- Compare healthcare and property directives
- Explain what a will is and contrast the differences between dying testate and dying intestate
- Describe who can establish a will, what testamentary capacity is, and how a will can be contested
- Determine how a will can be changed
- Define probate
- List the steps and timetable involved in the administration and settlement of an estate
- Define and use the terms that appear in bold in the text
** If you already have a copy of the textbook, be sure to register using the "without textbook" option.
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.