A Guide to Ethics in Fiduciary and Trust Activities
Course Number: ABA
Course Code: ABA
Your client doesn’t want to trust his house keys to someone he doesn’t trust; he won’t want to trust his trust assets, either. This Guide to Ethics presents scenarios identifying ethical breaches, and provides the trustee with tools should he discover a breach.
Updated: March 2019
Re-versioned: June 2016
What You’ll Learn
After completing this course, students will be able to:
-Describe the duties of the trustee to beneficiaries, including the duty of loyalty and the duty to enforce and defend claims
-Explain trustee liability in the event of a breach of trust and remedy options
-Describe tools provided under the Uniform Trust Code (UTC) that trustees can use to manage fiduciary risk
-Explain the differences between an agency and a fiduciary relationship
Audience: Trust officers and other trust department personnel.