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A Provider of AIB Products Introduction to Trust Products and Services |
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AIB Course Code: 8262 Course Length: 5 weeks Course Description: Introduction to Trust Products and Services 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. Audience: Those 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 their clients' business needs. Learning Objectives: After successfully completing this program, you 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 trusts • Describe the dispositive provisions of a trust before and after the grantor's demise • Analyze trustee vacancy and cotrustee 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 Textbook: All readings for this course are provided online. Course Credits: AIB: 1.0; ICB: 20 CFTA (FID) Prerequisites: None Required Software: Adobe Acrobat Reader; Microsoft Internet Explorer 7.0 or Mozilla Firefox 2.0 or higher
 Forms Page ... Registration ... Requests ... WithdrawalPBA Contact: Jackie Catalano • (717) 255-6939 • jCatalano@paBanker.com |
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