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Rules of Trust Administration in Texas

Understand the duties and powers of trustees and the laws surrounding trust administration in Texas.Although trusts are a common vehicle to hold and transfer assets, many professionals either avoid trusts or delegate trust-related work for fear of being uninformed and ill-equipped in trust mechanics. This topic will equip professionals with a better understanding of the duties and powers of Texas trustees and the laws surrounding trust administration in Texas. The content will outline the necessary administrative steps to take when an individual creates a trust in his or her will, what to do when the settlor of a grantor trust dies, and what options are available if the trust is not working’. The topic will also update you with recent changes made by the legislature relating to trust administration. This information will give professionals confidence and familiarity to incorporate trusts in their clients’ estate planning and provide them with the skills to administer trusts efficiently and effectively.


Runtime: 90 minutes
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Why Lorman?

Over 30 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

Trustee Duties Under the Texas Trust Code

  • General Trustee Duties
  • Trustee Liability

Administering the Trust

  • Investing Trust Assets
  • Distribution of Trust Assets
  • Accounting, Record Keeping, Tax Reporting

Trust Modification

  • Amending Revocable Trusts
  • Decanting
  • Judicial Modification of Trusts

Steps to Follow After a Client Passes

  • Grantor Trusts
  • Testamentary Trusts

Texas Legislative Updates

  • Directed Trusts
  • Trust Protectors
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More Program Information

Why Lorman?

Over 30 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

Online Manual

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

OnDemand Webinar

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

Audio & Reference Manual

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

MP3 Download

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

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More Program Information

Why Lorman?

Over 30 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

William R. Hayes

William R. Hayes

Hayes & Wilson, PLLC

  • Attorney with the Hayes & Wilson, PLLC firm practicing in Houston
  • Frequent speaker on estate planning, charitable gifting, disability planning, elder law and Medicaid topics to a variety of professional, business and civic organizations
  • Practice is focused on wills, trusts, estate planning, probate and estate administration, guardianships, disability planning, and elder law and charitable giving
  • Active in many professional, civic and charitable organizations, including serving the Houston Bar Association as co-chair of the Elder Law Committee and chair of the Fee Dispute Committee, for which he received the HBA President’s Award in 2004
  • Board certified in estate planning and probate by the Texas Board of Legal Specialization
  • J.D. and B.B.A. degrees, Southern Methodist University
  • Can be contacted at 713-880-3939 or [email protected]
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Why Lorman?

Over 30 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.

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Product ID: 399058
Published 2012, 2016
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