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A Guide to Ethics in Fiduciary and Trust Activities

A Guide to Ethics in Fiduciary and Trust Activities provides ways to apply the duties of the trustee to client scenarios concerning ethical behavior and unauthorized and permitted transactions. It outlines the reasonable steps for the trustee to enforce and defend any claim as a duty to the beneficiary. In addition, this course provides guidelines should a breach of trust occur and offers solutions. It also lists several tools under the Uniform Trust Code (UTC) that can be used to manage fiduciary risk. This course examines the distinctions between an agency and a fiduciary relationship.

 

Audience: Trust officers and other trust department personnel.

 

Learning Objectives: 
After completing this course, students will be able to:

  • Describe the duties of the trustee to beneficiaries, including the duty of loyalty and the duty to enforce and defend claims
  • Explain trustee liability in the event of a breach of trust and remedy options
  • Describe tools provided under the Uniform Trust Code (UTC) that trustees can use to manage fiduciary risk
  • Explain the differences between an agency and a fiduciary relationship

Commands