Duties and Powers of the Trustee

Course Number: ABA

Course Code: ABA

Explains the scope of a trustee?s authority. This course describes the duty of loyalty, the duty to preserve trust property, and the duty to keep accounts. It covers how a prudent trustee would delegate authority as a co-trustee. This course illustrates the relationship between the terms of the trust and the trust’s administration. This course explains trust administration during the settlor?s lifetime and following the settlor’s death, and defines discretionary powers. This course also teaches how to identify issues related to trustee vacancies and successor trustees.

?Updated: March 2019
Re-versioned: June 2016

What You’ll Learn
After completing this course, students will be able to:
-Describe a prudent trustee’s duties and behaviors
-Describe a trustee’s administrative duties
-Explain the powers of the trustee during the settlor’s lifetime and after the settlor’s death

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: None

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Member Price: $175.00
Non-Member Price: $225.00
Textbook Charge: $0.00

Credits: 1.0 CSOP, CTFA(FID)

Length: 55 minutes

ABA Training