New York Bankers Association

ABA Introduction to Trust Products and Services

5-week instructor-led online course

Course Description:  This course is a foundational, skill building course for trust professionals.  It will help new trust professionals understand the fundamentals of the business, how a trust works, the types of assets commonly held in a trust and the basics of estate planning.  The course describes the personal trust document and the process by which trust officers establish a trust for their clients

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Price $300 NYBA or ABA Members/$375 Non-Members
Length 5 Weeks
Course Credits ICB: 12 CTFA (9.0-FID; 3.0-TAX))
Required Software Technical Requirements

Audience:  This course is designed for employees who have recently joined the trust department in support positions, non-trust personnel within the bank who work with trust officers and trust clients, as well as employees of service providers to trust companies who want to develop a better understanding of the clients’ business needs.

Learning Objectives:  After successfully completing this program, participants will be able to:

  • Determine what an estate is
  • Understand the estate planning process
  • Explain federal estate taxation
  • Distinguish between personal and real property
  • Compare forms of property ownership
  • List the methods of property transfer
  • Contrast the forms of business ownership
  • Distinguish types of trusts
  • Compare testamentary and living trusts
  • Describe the characteristics of a good trustee
  • Describe the reasons for creating an irrevocable trust
  • Explain the structure of an A/B trust plan
  • Recognize the mechanics of an irrevocable life insurance trust
  • Contrast the various types of charitable trust
  • Describe the dispositive provisions of a trust before and after the grantor’s demise
  • Analyze trustee vacancy and co-trustee considerations
  • Understand the execution of a trust and proof of a trust’s existence
  • Define and use the terms that appear in bold in the text

Further Your Knowledge: Trust & Wealth Management eLearning Curricula

The New York Bankers Association is a Local ABA Training Provider.

Questions: NYBA Professional Development at (212) 297-1679 or elegg@nyba.com.