Trust Administration Fundamentals

Module 1 of Trust Administration and Working with Advisors 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

Module 1 contains applied learning exercises for trust administration and concludes with a trust administration overview from the perspective of the beneficiary.