How Trusts Work: Purpose, Parties, and Protections
The Overview of Trusts discusses both the purpose of trusts and the history of trusts, dating back to the Roman Empire and the Crusades, are reviewed. The course proceeds with the nuts and bolts of the primary trust categories, trust income distribution categories, and complex trust language. Students learn about the main parties to a trust as well as the additional parties to a trust, either individuals or corporations. The role of a trustee in a dynastic family trust is explored through a fictional case of a family grappling with complex estate planning issues. This course is perfect for those with a basic understanding of Trusts.
Prerequisites: Beneficiary Fundamentals and Trustee Basics
Estimated Completion Time: 1.5 hours
Featured Resources:
Articles/Books
- Estate and Trust Administration for Dummies, 2nd ed., Chapter 3, "Identify Different Types of Trusts" by Margaret Atkins, EA & Kathryn A. Murphy, Esq.
Program Outline
Trust Fundamentals
Trust Fundamentals dives deeply into trust structures, starting with the history of trusts to the role trusts play in complex estate plans. This course highlights living trusts, irrevocable trusts, charitable/philanthropic trusts, dynasty trusts, and the role that trusts play when wills and power of attorney are present.
Pricing
- Access your courses anytime, anywhere, with a computer, tablet or smartphone
- Videos, quizzes and interactive content designed for a proven learning experience
- Unlimited access. Take your courses at your time and pace
- This program is designed to take 1-2 months with approximately 10-15 hours per week of study. If you put in more hours per week, you will finish sooner than the predicted 1-2 months
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