Trust Administration Basics
Trust Administration Basics 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:
- Assuming control
- Administering the trust
- Understanding the trust parties
- Reviewing the trust
This course contains applied learning exercises for trust administration and concludes with a trust administration overview from the perspective of the beneficiary. This module is perfect for those with a basic understanding of Trust Administration.
Prerequisites: Introduction to a Trust, Trustee Responsibilities, Trustee Types, Sourcing a Trustee, How Trusts Work: Purpose, Parties, and Protections, Revocable vs. Irrevocable Trusts: How Trusts Work With an Estate Plan, and Advanced Trust Topics: Asset Protection, Tax Planning, and Giving are Recommended
Estimated Completion Time: 1.5 hours
Featured Resources:
Articles/Books
- The Estate of Forgey Case
- 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.
- 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
