Understanding Trusts and Trust Documents

This course is fundamental in being able to effectively explain the role that a trust vehicle plays within the estate plan and the powers and duties that the trustee has in oversight of the trust. Knowledge of this material is prerequisite to studying estate planning techniques. Key topics include: – What is a trust? – Who is involved in a trust? – Powers of grantors, trustees, and beneficiaries – Types of trusts – Basic terminology of trusts and trust documents – How to read a trust document – General benefits of trusts – Benefits of corporate trustees – Duties of the trustee – How to manage the risks of acting as trustee