Characteristics of Trusts - Online

Designed for banking professionals seeking to service the high net-worth market, this course explains the specific characteristics of trusts and the objectives that trusts can accomplish for high-net-worth individuals. It also explores the various types of trusts and their particular applications, concluding with the duties of a trustee.

This course replicates the content from lesson 3 of Overview of Trusts - Online

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer. Subscription period for this course is 90 days.

Available TodayOnlineUSD$60.00
Instructional Method:
Self-Study
Level: Basic
CPE Credits: 1

banking professionals seeking to service the high net-worth market
Students will be able to:
  • Identify how revocable/ irrevocable trusts, specification of beneficiaries, and vested/contingent interest affect a trust.
  • Recognize trust distribution characteristics, including per stirpes and per capita distribution.
  • Recognize trust termination and its related terms, by example or definition.
  • Understand that trusts are tax-paying entities and to understand simple versus complex trusts.
  • Identify trust characteristics associated with disposition of trust principal and trust income.
  • Recognize the definition of the term
Characteristics of Trusts
  • Determining Trust Characteristics: Including Testamentary and inter-vivos, Revocable/irrevocable Trusts, Principal and Income, Trust Beneficiaries and Vested and Contingent Interest in a Trust
  • Trust Distribution Characteristics: Including Per Stirpes Distribution and Per Capita Distribution
  • Trust Terminating Events
  • Trust Taxability Characteristics: Including Tax-paying Entities and Simple versus Complex Trusts
  • Trust Disposition Characteristics: Including Disposition of Trust Principal and Disposition of Trust Income
  • Trust Situs