The purpose of this guide is to acquaint you with the fundamentals of trust administration.
It is recommended for personal trust administrators, private bankers, portfolio managers, and other wealth advisors as a desk reference and as a study resource for the Certified Trust and Fiduciary Advisor (CTFA) exam.
Topics covered include:
The fiduciary relationship, including fiduciary and investment powers and duties;
Trust administration, receipts, payments and distributions;
Opening and closing an account, including alteration or termination of the trust;