Course List | ABA Member Registration | Non-Member Registration
*Reviewed: Apr. 2013
(*Reviewed to meet current regulations, but no changes were made.)
Managing Trust Accounts introduces the student to the basic principles of establishing trust accounts and managing receipts and payments for these trusts. It covers the procedures for accepting new accounts, as well as dealing with changes in accounts impacted by disclaimers, and explains the rules needed to apply the Uniform Principal and Income Act when allocating receipts and payments.
||$215 Nonmembers / $160 Members|
||Courses are also available at discounted prices under an annual license. Learn More|
||AIB: 0; ICB: 2.0 CTFA (FID)|
||Building Trust Expertise Level 1|
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Trust Officers who have completed Building Trust Expertise Level 1 and have at least 2 years experience in the trust field working with trust clients and their families and/or advisors.
After completing this course, students will be able to:
- Read and interpret documents before establishing new accounts or accepting successor trusteeships
- Identify issues that arise from disclaimers and the effects on trusts and beneficiaries
- Correctly apply the rules contained in the 1962 and 1997 Uniform Principal and Income Acts to protect the interests of present and future beneficiaries
- Explain the interaction between the Uniform Prudent Investors Act and the Uniform Principal and Income Act