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.
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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.
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
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.
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.
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.
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