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.
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
