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.