Trust Fundamentals - Module 1 (Canadian)

  • 16 Lessons

Instructors

Kirby Rosplock

Kirby Rosplock (Ph.D.)

Born into a very successful enterprising family, Kirby learned family wealth basics the way most affluent offspring do (or don’t) Read More

About Course

In Module 1 of Trust Fundamentals, the purpose of trusts, the history of trusts, and trust categories, are reviewed. Read More

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Overview

  • Learning Objectives

Trust Background

  • Background

  • History - Part I

  • History - Part II

Trust Categories

  • Primary Categories of a Trust

  • Trust Distributions

  • Trust's Income Distribution Examples

  • Trust's Complex Language

Establishing a Trust

  • The Three Certainties

Parties to a Trust

  • Main Parties

  • Additional Parties - Part I

  • Additional Parties - Part II

  • Homework I

The Descendants

  • Matt's Role as Trustee

  • Homework II

Conclusion

  • Wrap Up

Test Your Knowledge

  • Quiz Locked

In Module 1 of Trust Fundamentals, both the purpose of trusts and the history of trusts, dating back to the Roman Empire and the Crusades, are reviewed. The module 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. The role of a trustee in a mutli-generational family trust is explored through a fictional case of a family grappling with complex estate planning issues.

Estimated Completion Time: 1.5 hours

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