Duties and Powers of the Trustee

Course Number: ABA

Course Code: ABA

Explains the scope of a trustee’s authority. Describes the duty of loyalty and the duty to preserve trust property. Explains how a prudent trustee would delegate authority as a co-trustee. Describes administrative duties, including the duty to keep accounts. Explains trust administration during the settlor’s lifetime and following the settlor’s death, and defines discretionary powers. Identifies issues related to trustee vacancies and successor trustees.

What You’ll Learn

After completing this course, students will be able to:

  • Describe a prudent trustee’s duties and behaviors
  • Describe a trustee’s administrative duties
  • Explain the powers of the trustee during the settlor’s lifetime and after the settlor’s death

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.

Prerequisites: None

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Member Price: $135.00
Non-Member Price: $185.00
Textbook Charge: $0.00

Credits: 1.0 CSOP, CTFA

Length: Approximately 40 minutes

ABA Training