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.

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

5 weeks / 15 hours
Member: $300
Non-Member: $375

There is no separate textbook for this course. All reading materials are posted online in the Learning Community of your course.