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Introduction to Trust Administration

Introduction to Trust Administration provides an overview of trust administration for personal trusts and is designed to help new trust professionals identify key issues and use common trust terminology appropriately. It covers trust basics, including requirements to create a trust and common types of personal trusts; account acceptance and termination considerations; and factors to consider before making discretionary distributions.  

 

Audience: Trust department and other bank staff who are new to the trust business and want to develop a basic working knowledge of trust administration. No prior knowledge of the subject is required.

 

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

  • Explain how property ownership impacts trusts 
  • Explain basic trust concepts and terminology 
  • Discuss personal trusts 
  • Describe account acceptance and termination procedures 
  • Explain the considerations for discretionary distributions  

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