Managing Trust Accounts
The Managing Trust Accounts course introduces students to the basic principles of establishing trust accounts and managing receipts and payments for these trusts. It covers the procedures for accepting new accounts, as well as dealing with changes in accounts impacted by disclaimers, and explains the rules needed to apply the Uniform Principal and Income Act when allocating receipts and payments.
| Price | $215 Nonmembers / $160 Members |
| Duration | Approximately 2 hours |
| Course Credits | AIB: 0.25; ICB: 2.5 (CTFA/FID) ; CFP: 0 |
| Prerequisites | None |
| Required Software | None |
| Optional Software | Adobe Acrobat Reader and RealPlayer |
Audience
This course is appropriate for Trust Officers who have already achieved a basic level of knowledge and expertise in the trust field.
Learning Objectives
After completing this course, students will be able to:
- Read and interpret documents before establishing new accounts or accepting successor trusteeships
- Identify issues that arise from disclaimers and the effects on trusts and beneficiaries
- Correctly apply the rules contained in the 1962 and 1997 Uniform Principal and Income Acts to protect the interests of present and future beneficiaries
- Understand the interaction between the Uniform Prudent Investors Act and the Uniform Principal and Income Act
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.