Oregon Bankers Association - Independent Community Banks of Oregon

Trust Basics

AIB Course Codes: 8261

Course Length: 16 weeks

Course Description:
This AIB course provides you with an overview of the trust department in a commercial bank, including how it fits into the bank's overall operations, the services it provides, and generally how those services are delivered. Particular emphasis is placed on the importance of accumulating, preserving, and disposing of an estate.

Audience:
Non-trust bank personnel and those who have recently come into the trust department in support positions, entry-level personnel, employee benefits, and corporate trust officers.

Learning Objectives:
After successfully completing this program, you will be able to:

Explain the principles of estate planning and estate taxation
Distinguish between types of assets and forms of property ownership
Describe the purpose and scope of various agency relationships
Define the basic concepts of stocks, bonds, mutual funds, and common trust funds
Analyze a will and list the steps of the administration and settlement of an estate
Distinguish the types of guardianships that exist and compare powers of attorney for property and healthcare
Define what a personal trust is, reasons for having one, and the characteristics of a good trustee
Explain the reasons for and tax concepts of gifting
List the types of corporate retirement plans that exist and profile the establishment and administration of a retirement plan

Textbook:
Trust Basics: An Introduction to the Products and Services of the Trust Industry, 3nd edition, 2006, ABA

Topics:
The topics to be covered are as follows: