Basics of Trust Administration
1 hour 30 minutes
Gain a thorough understanding of trust administration best practices.
Many individuals who are named as trustees or successor trustees are unaware of the myriad duties and responsibilities that come along with the office. They miss important deadlines and unknowingly breach their duties. This topic will explore the Uniform Trust Code in detail and explain trustee duties and responsibilities in order to allow those advising beneficiaries and trustees to provide meaningful advice. Receive practical guidance regarding maintaining trustee records and dissemination of the same.
• You will be able to identify issues that commonly arise in trust administration.
• You will be able to explain the duties and responsibilities of the office of trustee.
• You will be able to describe the typical records that need to be kept by a trustee.
• You will be able to discuss the powers of a trustee.