Inspired by its clients, Tamarind Learning® identified the changing needs of wealthy families who struggle to educate their heirs, especially in a safe, secure, remote, and self-paced environment. Tamarind Learning’s online learning environment provides vital education on the cornerstones of wealth and stewardship in the form of multi-course programs or get started with individual courses to customize your learning path. Review the outline below to learn more about the courses.
Education options are available to those who desire to earn a designation by completing the complete Accredited Beneficiary Stewardship (ABS)® curriculum.
Ready to jump in? Start a free trial of the Stewardship course or schedule a demo with a Tamarind Learning expert today.
Take all ten courses in sequence to complete the Accredited Beneficiary Stewardship (ABS) designation or select the courses that meet your needs and goals and build a custom learning plan. Need help selecting or don't know where to start? Book an education assessment with a Tamarind Learning expert.
Click the links in the description to view the course page to review the module outlines and purchase courses.
Stewardship is a foundational course designed for students who are interested in learning about stewarding principles, values, and factors that erode wealth over generations. Participants will explore the historical context of prosperous families and unravel the key elements of effective stewardship. Beyond examining entrepreneurship, students will evaluate their own inheritance narratives as part of the comprehensive learning experience.
Beneficiary Fundamentals consists of four progressive modules, starting with the foundational roles, responsibilities, and duties of a beneficiary. It advances to an applied case study course that includes perspectives from both the grantor and beneficiary. Participants will gain the knowledge and skills needed to actively engage in family meetings, councils, boardrooms, and everyday life.
Trustee Basics includes four progressive modules. It begins with an introduction to the main parties involved in a trust, common types of trustees, and their roles and responsibilities. Participants will learn strategies for preparing trustees for meaningful conversations with trust parties and advance to more sophisticated content through an applied learning case study.
Estate Planning Basics consists of three modules. It begins with an overview of estate planning phases and goals. Participants will explore triggering events, such as tax law changes and economic downturns, and their impact on estate planning. The course also covers key documents like power of attorney, living wills, and advanced directives. Students will gain a comprehensive understanding of the entire estate planning process and the crucial decisions involved.
Trust Fundamentals consists of three progressive learning modules. It starts with the historical context of trusts, dating back to the Roman Empire and the Crusades. Participants will explore primary trust categories, income distribution types, and complex trust terminology. The course also covers how trusts can complement or substitute a will, along with the legal foundations and key case law that have shaped trust law.
Foundations of Tax consists of three progressive learning modules. It starts with the history and evolution of taxes in the United States. An overview is provided of the conceptual foundations of the U.S. tax code, delving into the most common taxes, tax forms, and how recent tax law changes have affected some taxpayers. Additionally, participants gain insights into private foundations and public charities, understanding their advantages and disadvantages. Practical application is emphasized through a tax mini-case, and the course concludes with a comprehensive summary of tax planning tips and important dates to remember.
Personal Finance consists of three modules. It begins with the essentials of financial planning, covering income, expenses, and budgeting. Students learn to analyze financial statements to assess business performance from an ownership perspective. The course includes two in-depth case studies focusing on financial decision-making from both personal and business perspectives.
Working with Advisors aims to provide participants with a solid understanding of working effectively within the advisor ecosystem. It covers crucial topics such as identifying the various types of advisors that can be part of one's network, as well as guidelines on hiring, compensating, onboarding, managing advisor performance, and handling transitions. Participants will learn about strategies for managing service changes, negotiating contracts, and discussing fees with advisors. The course includes an applied learning case study, emphasizing the mobilization of an advisor team in a crisis scenario.
Trust Administration is a comprehensive course designed to explore essential questions and responsibilities in trust management. It begins by defining the role of trust administrators and reviewing their ethical and fiduciary responsibilities. Participants learn about the four critical steps in trust administration: assuming control, administering the trust, understanding the trust parties, and reviewing the trust. The course includes applied learning exercises and emphasizes the perspective of the beneficiary.
Investing Fundamentals consists of three progressive learning modules. It begins with understanding practices for investing in a trust. This course delves into various aspects, encompassing investment goals and strategy, the investment process, and diverse approaches to investing, including Modern Portfolio Theory and Goals-Based Investing. This course explores investment governance linked to trusts, investment policy statements, and more. The course concludes with a real-life case study, offering insights into how trust investing may entail distinct guidelines and parameters compared to a conventional brokerage or investment account.
The Family Office Fundamentals course consists of three modules and is intended for wealth management professionals, financial advisors, family office employees, and individuals navigating the complex landscape of family offices. This course offers a unique opportunity to deepen understanding and enhance expertise in managing, optimizing, and establishing family offices. It provides essential knowledge and practical skills needed to effectively design, implement, and manage a family office tailored to the needs and goals of high-net-worth families.
*Family Office Fundamentals is an elective, not part of the ABS coursework.
View Family Office Fundamentals Course Page
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Tamarind Learning offers a host of resources to help you explore wealth education, from assessments to education planning tools, fill out the form below to get access to our most popular tools.
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The Wealth Education Self-Assessment is designed to be used directly by beneficiaries and families to:
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Advisors can also share this resource to help clients and family members get clarity on their knowledge level in 10 key wealth-related subjects and establish personal educational goals.
Many individuals and families start their learning journey with Tamarind's financial literacy coursework. Take this assessment to see how you stack up against what the Personal Finance Fundamentals course covers.
Our Financial Literacy Assessment is designed to:
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Set the stage for successful wealth education by taking this in-depth assessment. Inspired by Tamarind's article "How to Create a Next Gen Wealth Education Plan," this assessment is designed to guide you through the creation of a personal education plan (PEP).
Start with your "Why," outline WIIFM, select wealth education topics, and identify priorities to focus on. Use the survey to build your plan today!
