Course Number: ABA
Course Code: ABA
Explains typical trust guidance and common discretionary standards to make sound decisions about trust distributions. Covers discretionary distributions from the perspectives of the trust beneficiaries and with a focus on potential tax consequences of discretionary distributions, and presents the proper techniques for documenting the discretionary distribution decision.
What You’ll Learn
After completing this course, students will be able to:
- Describe typical trust guidance for discretionary distributions and common discretionary standards
- Explain how trust beneficiary circumstances and taxes can affect discretionary distribution decisions
- Describe the documentation requirements associated with discretionary distributions
Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.