Discretionary Distributions

Course Number: DD1

Course Code: ABA 342

Explains typical trust guidance and common discretionary standards to make sound decisions about trust distributions. Covers discretionary distributions from the perspectives of the trust beneficiaries and with a focus on potential tax consequences of discretionary distributions, and presents the proper techniques for documenting the discretionary distribution decision.

Learning Obj​​​​ectives:
After completing this course, students will be able to:

-Describe typical trust guidance for discretionary distributions and common discretionary standards

-Explain how trust beneficiary circumstances and taxes can affect discretionary distribution decisions

-Describe the documentation requirements associated with discretionary distributions

Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs

Prerequisites: n/a

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