Comparing and Contrasting Discretionary, Delegated & Directed Trusts

About This Course

The Comparing and Contrasting Discretionary, Delegated, & Directed Trusts course covers essential concepts, advantages, and disadvantages of various trust types. You will gain a comprehensive understanding of these topics to effectively serve as a trustee and meet the unique needs of each trust.

Throughout the course, you will:

• Compare and contrast discretionary, directed, and delegated trusts
• Understand your role and responsibilities as a trustee for each type of trust
• Explore the Uniform Directed Trust Act (UDTA) and its benefits
• Learn about the role and responsibilities of a Trust Protector

Course Outline

Material is divided into 5 content modules with knowledge checks, as well as a comprehensive assessment.

• Section 1: Discretionary Trusts
• Section 2: Delegated Trusts
• Section 3: Directed Trusts
• Section 4: Uniform Directed Trust Account Deep Dive
• Section 5: Trust Protector

Course Instructor

Duane Lee, CFIRS™, CTOP™, AIF®, AFIM™

Duane E. Lee, II serves as an Executive Vice President with Cannon Financial Institute. With extensive expertise in the Fiduciary Services Industry, Duane believes that rules of engagement are not merely guidelines but valuable tools that, when executed properly, drive increased shareholder value, employee performance, and client satisfaction.

Duane has served the financial services industry in various roles. His career highlights include serving as a Board Member of an independent trust company, an Administrative Vice President in charge of trust administration and securities operations at a large regional bank, a Senior Vice President and Trust Executive managing a trust company supporting a seven-member bank holding company, and a National Trust Examiner with the Office of the Comptroller of the Currency. This unique combination of experiences provides both a balanced and focused instructional approach.

In addition to his rewarding career, Duane is an accomplished pilot. He and his wife, Sue, enjoy spending time with their two charming grandchildren and maintain a passion for the outdoors.

Who Should Enroll and Why

Trust Officers and Administrators will gain a comprehensive understanding of discretionary, delegated, and directed trusts, enabling them to better serve their clients. By learning how to effectively manage your responsibilities as a trustee for each type of trust and staying up to date with the latest developments in trust legislation, such as the Uniform Directed Trust Act (UDTA), you will enhance your ability to make informed decisions and provide expert guidance to clients.

Financial Advisors and Wealth Managers will expand their understanding of trust options, allowing them to better serve high-net-worth clients. You will learn how to collaborate effectively with trust officers and estate planning attorneys and gain the knowledge needed to guide clients in selecting the most appropriate trust structure for their financial situation. By enrolling in this course, you will enhance your ability to provide comprehensive wealth management solutions.

Paralegals and Legal Assistants will develop a solid foundation in trust concepts and terminology. You will understand the key differences between discretionary, delegated, and directed trusts, enabling them to better support attorneys and clients. By gaining practical knowledge to assist in drafting trust documents and managing trust administration tasks, you will enhance your value as members of an estate planning or trust management team.

Aspiring Trust Professionals will build a strong foundation in trust concepts and legislation, which will help launch their careers in the field. You will gain practical knowledge and skills to make an immediate impact in your roles and demonstrate your commitment to professional development and industry expertise. By enrolling in this course, you will set yourself apart from other candidates when seeking employment opportunities in trust management or estate planning.

Education Credits

This course qualifies for the following estimated CE credits:

CE: 2.5 HRS