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.
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