The Rules of Trust Administration

Training Provided by Lorman Education Services Refine your trust administration skills - and discover new ones. Your professional advice and trust knowledge is essential to your clients - make sure you're giving them your best. Attend this innovative seminar and learn to juggle trust complexities while remaining focused on what really matters: your clients' needs. Discover ways to recognize the different levels of trust intricacy depending on the type and value of the assets involved. You'll learn valuable techniques to improve trust function for everyone involved, as well as tips on managing important legal, tax and family issues. Register today and reinforce your position as a top source for trust service. This Seminar Will Provide: - Information on the duties and responsibilities of trustees - Ways to resolve trust disputes calmly and effectively - The importance and logistics of funding the trust - Overview of the different types of trusts - Expert advice on navigating the risks of trust investment duties

The Rules of Trust Administration Agenda

This seminar will be presented by James C. Milton, Kassandra M. Bentley and Tom C. Vincent.

8:00 am - 8:30 am Registration

8:30 am - 8:45 am Overview

8:45 am - 9:15 am Identifying the Players

- Grantor, Settlor or Trustor

- Trustees

- Vested and Contingent Beneficiaries

- Investment Advisors

9:15 am - 9:45 am Types of Trusts

9:45 am - 10:45 am Trust Provisions

- Distribution Provisions

- The Trustee's Powers

- Succession of Trustees

- Applicable Law

- Crummey Powers

- Spendthrift Provisions

10:45 am - 10:55 am Break

10:55 am - 12:00 pm The Trustee

- Fiduciary Duties

- Importance of the Instrument

- Screening Trusts for Acceptance of Fiduciary Responsibility

- Delegation of Duties

12:00 pm - 1:00 pm Lunch (On Your Own)

1:00 pm - 1:30 pm The Logistics of Funding the Trust

- Transfer of Personal and Real Property

- Transfer of Cash and Equivalents

- Life Insurance Proceeds

- Retirement Accounts

- Out-of-State Assets

1:30 pm - 2:45 pm Administration of the Trust

- Investment and Discretionary Decisions

- Beneficiaries With Special Needs

- Resolving Disputes Regarding Administration

- Regulatory Compliance

2:45 pm - 3:10 pm Trust Accounting

- Tracking Trust Assets

- Corpus and Income

- Reporting

3:10 pm - 3:20 pm Break

3:20 pm - 3:45 pm Property Management

- Inspection of Real Property

- Insurance Issues

- Marketing Real Property for Trusts: Sales and Leases

- Mineral Interests

3:45 pm - 4:00 pm Management of Investments

- Oklahoma Prudent Investor Act

4:00 pm - 4:15 pm Guardianship Issues

- Guardianship Proceedings

- Types of Guardians

- Authority of Guardians

- Resolving Disputes

4:15 pm - 4:30 pm The Trustee and Advance Directives for Health Care

About The Training Provider: Lorman Education Services

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