Trust Administration Fundamentals (Canadian)

Trust Administration Fundamentals builds the foundational understanding of how a trust is administered. This module explores the essential questions to ask to understand how a trust is administered, as well as the key duties of the trustee relative to trust administration. Students learn the four steps of trust administration which include:

1. Assuming control
2. Administering the trust
3. Understanding the trust parties
4. Reviewing the trust

The module contains applied learning exercises for trust administration and concludes with a trust administration overview from the perspective of the beneficiary.

Estimated Completion Time: 1.5 hours

Featured Resources:

     Articles/Books

• "Punitive Damages and More: The Consequences of Estate Trustees' Egregious Conduct" by Andrea Tratnik
• Sample Trust Agreement
• Estate & Trust Administration for Dummies, 2nd Edition Chapter 12, "Investing the Trusts Assets and Paying the Expenses" by Margaret Atkins, EA & Kathryn A. Murphy, Esq.