Duties and Powers of a Trustee

ABA SELF-PACED ONLINE TRAINING

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.

Objectives:

  • 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.

ABA Certifications: 1.0 CSOP, CTFA

Related Training: Wealth Management and Trust Online Training

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

Questions:
NYBA Professional Development at (212) 297-1679 or education@nyba.com.
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Member $175
Non-Member $225


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To license this course for multiple learners, contact NYBA Professional Development.