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Basics of Trust Administration

presented by Lorman Education Services
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Basics of Trust Administration

Workshop Description/Agenda

Gain a thorough understanding of designing trusts and executing trust administration best practices. Many individuals who are named as trustees or successor trustee are unaware of all of the duties and responsibilities that come along with the office. They may miss important deadlines and unknowingly breach their duties. This topic will explain trustee duties and responsibilities and allow those advising trustees and successor trustees to give meaningful advice. Receive practical guidance regarding maintaining appropriate trustee records and determination of entitlement to those records. This information is critical for anyone who regularly deals with trustees and who provides guidance regarding trust administration.

General Trustee Duties • Administer the Trust • Skill and Care • Give Notices • Furnish Information and Communicate • Account • Not to Delegate • Loyalty • Avoid Conflicts of Interest • Segregate Trust Property • Impartiality • Invest • Enforce and Defend Claims • Confidentiality Trustee Responsibilities • Hold Trust Property • Invest Trust Assets • Distribute Income/Principal • File Tax Returns • Comply With Other Government Regulation and Statutes • Record Transactions • Report to Beneficiaries Trust Assets • Investment • Distribution • Records/Accounting Related Issues • Trustee Compensation • Trustee Liability • Removal • Resignation

Tereina Stidd with Cole Schotz P.C.

CFP ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Additional credit may be available upon request.

Who Should Attend

This live webinar is designed for attorneys, estate planners, accountants, presidents, vice presidents, tax managers, financial planners, trust administrators and lenders.

Additional Information

Training Provider: Lorman Education Services

Course Topics: Law Training > Asset Protection/Estate Planning

Training Course Summary: Basics of Trust Administration

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