Introduction to Trust Products & Services
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
Locator Number | Start Date | End Date |
24877 – ITPS17-1 | 02/27/2017 | 03/31/2017 |
24878 – ITPS17-2 | 06/19/2017 | 07/21/2017 |
There is no separate textbook for this course. All reading materials are posted online in the Learning Community of your course.