Trust Fundamentals - Module 1

  • 18 Lessons

  • Duration

    93 Minutes

Instructors

Kirby Rosplock

Kirby Rosplock (Ph.D.)

Born into a very successful enterprising family, Kirby learned family wealth basics the way most affluent offspring do (or don’t) Read More

About Course

In Module 1 of Trust Fundamentals, the purpose of trusts, the history of trusts, and trust categories, are reviewed. Read More

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Overview

  • Learning Objectives

    1 Minutes
  • Learning Objectives

    1 Minutes

Trust Background

  • Background

    1 Minutes
  • History - Part I

    2 Minutes
  • History - Part II

    2 Minutes

Trust Categories

  • Primary Categories of a Trust

    1 Minutes
  • Trust Distributions

    3 Minutes
  • Trust's Income Distribution Examples

    5 Minutes
  • Trust's Complex Language

    6 Minutes

Establishing a Trust

  • The Three Certainties

    1 Minutes

Parties to a Trust

  • Main Parties

    1 Minutes
  • Additional Parties - Part I

    3 Minutes
  • Additional Parties - Part II

    2 Minutes
  • Office of the Beneficiary & Distribution Committees

    2 Minutes
  • Homework I

    30 Minutes

The Descendants

  • Matt's Role as Trustee

    2 Minutes
  • Homework II

    30 Minutes

Conclusion

  • Wrap Up

    30 Seconds

Test Your Knowledge

  • Quiz Locked

In Module 1 of Trust Fundamentals, both the purpose of trusts and the history of trusts, dating back to the Roman Empire and the Crusades, are reviewed. The module proceeds with the nuts and bolts of the primary trust categories, trust income distribution categories, and complex trust language. Students learn about the main parties to a trust as well as the additional parties to a trust. The role of a trustee in a mutli-generational family trust is explored through a fictional case of a family grappling with complex estate planning issues.

Estimated Completion Time: 1.5 hours

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