Stewardship in Action Program
The Stewardship in Action Program is an excellent onramp for beneficiaries to learn more about fiduciary concepts and the role of a trust. This comprehensive coursework is designed for those who are new to learning about trusts, the role of a beneficiary, and the fiduciary care of a trustee. This program explores the relationship between a beneficiary and a trustee and how it evolves over time. There are interactive case studies, podcasts, exercises, and more to bring this content to life.
This program is comprised of three introductory courses and focuses on the concept of stewardship, the factors that erode wealth over generations, the roles, and responsibilities of a beneficiary and trustees.
Individual: 1 User
- Access to 3 Courses
- Unlimited Access
- Go At Your Own Pace
- Total Privacy
- Content Updated Regularly
- 1-Year Term
Group: 2-10 Users
- Perfect for Family Offices, Families, Siblings, Cousins or Peers
- Track Progress of Group
- Full Access to Courses
- Pace with Group or Individually
- Share Notes, Questions, & Thoughts
- Document Storage
- Content Updated Regularly
- Total Privacy
- 2-Year Term
- 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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This program is ideal for those recently coming of age, those who are learning more about the family’s estate plan and intentions, and/or those who are ready to have beginning conversations on key principles around stewardship. Adults who may have little or no understanding of the family wealth will find this learning program a useful introduction to key stewardship concepts that are universal to beneficiaries in North America to those residing internationally. The courses are delivered in English, and there is no assumption that a beneficiary has knowledge about the family’s wealth or trust(s).
The learner will benefit from the applied nature of the content to start and enhance their relationship with the trustee. The courses provide guidance to beneficiaries about their role and responsibilities as well as clarifies that of the trustee. A deeper look at the evolving relationship of beneficiaries and trustees is explored, with suggested exercises and activities to foster the trustee/beneficiary relationship. Learning resources include activities, podcasts, articles, books, and learning case studies. Learners can test their knowledge at the end of each course.
The Stewardship course introduces the concept of stewardship and the role that stewarding principles play in beneficiary’s lives. Students explore values in terms of how they relate to stewardship and being a beneficiary.
This course covers what it means to be the beneficiary of a trust or significant wealth, starting with the importance of a settlors’ goals, motivations, and intentions for passing along wealth. The content reviews the four “M’s” that inspire beneficiaries to be stewards of wealth – not just recipients – and how a beneficiary’s relationship to trustees changes from childhood to adulthood. After establishing the foundation of beneficial ownership, the course delves into a beneficiary’s duties and responsibilities. Finally, the course concepts are blended into an interactive case study that features settlors and beneficiaries’ perspectives.
Trustee Basics is a continuation of the learning established in Beneficiary Fundamentals and puts the learner in the shoes of a trustee. The course starts by establishing the main parties to a trust and defines the role of a trustee. The subsequent modules provide an overview of the responsibilities and duties of a trustee and reviews the beneficiary’s duties in the trust relationship. This course includes worksheets and resources that help an individual work through if they are ready to take on the responsibility and duty of becoming a trustee. Additionally, Trustee Basics covers institutional trustees, the purpose of a private trust company, and how to evaluate trustee candidates and monitor their performance over time.