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OnDemand Course

Basics of Trust Administration

Gain a thorough understanding of trust administration best practices.

Many individuals who are named as trustees or successor trustees are unaware of the myriad duties and responsibilities that come along with the office. They miss important deadlines and unknowingly breach their duties. This topic will explore the Uniform Trust Code in detail and explain trustee duties and responsibilities in order to allow those advising beneficiaries and trustees to provide meaningful advice. Receive practical guidance regarding maintaining trustee records and dissemination of the same.

92 minutes
Course Exam
Certificate of Completion
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Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

General Provisions and Definitions - Uniform Trust Code

  • Knowledge
  • Notice
  • Nonjudicial Settlement Agreements

Judicial Proceedings

  • Jurisdiction
  • Venue

Representation

Creation, Validity, Modification, and Termination

  • Creation
  • Modification
  • Termination

Creditors' Claims, Spendthrift, and Discretionary Trusts

Revocable Trusts

  • Capacity of Settlor
  • Revocation/Amendment
  • Powers of Withdrawal
  • Limitations on Contesting

Office of Trustee

  • Acceptance
  • Co-Trustees
  • Delegation
  • Vacancy in Office
  • Resignation/Removal
  • Compensation
  • Reimbursement

Duties and Powers of Trustee

  • Administer Trust
  • Loyalty
  • Skill and Care
  • Impartiality
  • Special Skills
  • Segregate Trust Property
  • Enforce and Defend Claims
  • Adequate Records
  • Collect Property
  • Inform Beneficiaries
  • Exercise Powers

Uniform Prudent Investor Act

Liability of Trustee and Rights of Persons Dealing With Trustee

  • Breach
  • Trustee Defenses
  • Third Party Protection
  • Certification of Trust

Miscellaneous Provisions

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on June 16, 2021.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, LLC. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
The CLE Code is ONLY a requirement when applying for CLE Credit in New York. Other states do not need to supply the CLE Code to apply for CLE credit.

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Tereina Stidd, J.D., LL.M.

Tereina Stidd, J.D., LL.M.

American Academy of Estate Planning Attorneys, Inc.

  • Associate Director of Education at the American Academy of Estate Planning Attorneys, a national organization dedicated to promoting excellence in estate planning
  • Co-author of the chapter Homestead in Basic Estate Planning in Florida, 6th, 7th, and 8th ed. published by the Florida Bar
  • Members of the Academy focus on Estate Planning, Trust and Estate Administration, Elder Law, and Tax Law
  • See attached
  • Co-Author Chapter 6 Homestead in Basic Estate Planning in Florida, 6th-11th ed., published by the Florida Bar
  • Member of the Tax and Real Property, Probate, and Trust Law Sections of the Florida Bar
  • J.D. degree, the Claude W. Petit College of Law at Ohio Northern University; LL.M. degree in taxation, the University of Miami School of Law; B.A. degree in political science, cum laude, St. Bonaventure University
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408743
Published 2021
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