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What will you learn about?

Students will increase their technical knowledge of trust law and how it can be applied in their day-to-day duties in trust and estate administration. In addition to reviewing the responsibilities of trustees, executors and administrators, they will also learn about complex circumstances that can occur while administering an estate or trust. Upon completion of the course students will:

  • Identify potential liabilities and take action to minimize risk for the executor and trustee
  • Understand the nature of trusts, their components and applications under Common Law (Civil Code if in Quebec)
  • Discern the roles and responsibilities of trustees, executors, liquidators and administrators
  • Explain the requirements for a legal will
  • Identify what to do in the case of the death of an executor or trustee renunciation
  • Recognize special circumstances, including challenging a will, family law and illegitimacy and adoption, and mental capacity for testamentary purposes
  • Provide exceptional service to beneficiaries

LET is one of the requirements for CSI’s MTI® Estate and Trust Professional designation. It can also be taken as a stand-alone course.

What is the course syllabus?

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Module 1 - The Nature of a Trust

Topics covered in this module are:

  • What is a Trust? (Common Law)
  • Terms Related to a Trust (Common Law)
  • Creation of a Trust (Common Law)
  • Perpetuities (Common Law)
  • Accumulations (Common Law)
  • Variation of Trusts (Common Law)
  • Termination of a Trust (Common Law)
  • Renunciation of Beneficial Interests
  • Acceleration
  • What is a Trust? (Civil Code)
  • Essential Elements of a Trust (Civil Code)
  • Creation of a Trust (Civil Code)
  • Classification of Trusts (Civil Code)
  • Parties to a Trust (Civil Code)
  • Trust Property (Civil Code)
  • Other Kinds of Trusts (Civil Code)
  • Duration of a Trust (Civil Code)
  • Modification Variation/Termination of a Trust (Civil Code)
  • Termination of a Trust (Civil Code)

Module 2 - Trustees, Executors, Liquidators and Administrators

Topics covered in this module are:

  • Co-Trustees (Common Law)
  • Death of an Executor or Trustee (Common Law)
  • Renunciation (Common Law)
  • Replacement of Trustees upon Resignation, Retirement or Death (Common Law)
  • Duties and Powers of Trustees (Common Law)
  • Trustees’ Express Powers (Common Law)
  • Indemnity of Trustees for Trust Expenses (Common Law)
  • Trustee’s Compensation and care and management fees
    (Common Law)
  • Liabilities of a Trustee (Common Law)
  • Liquidators v. Trustees (Civil Code)
  • Appointment of Trustee/Liquidator (Civil Code)
  • Renunciation to the Office Trustees/Liquidators (Civil Code)
  • Replacement of Trustees/Liquidators Upon Resignation, Retirement
    or Death (Civil Code)
  • Duties of Trustees/Liquidators (Civil Code)
  • Powers of Trustees/Liquidators (Civil Code)
  • Indemnity of Trustees/Liquidators (Civil Code)
  • Liability of Trustee/Liquidator (Civil Code)

Module 3 - Will Challenges; Estate Debts and Claims; and Beneficiaries and Gifts in Special Circumstances

Topics covered in this module are:

  • Will Challenges (Common Law and Civil Code)
  • Estate Debts and Claims (Common Law & Civil Code)
  • Identification of Beneficiaries/Special Cases
    (Common Law and Civil Code)
  • Gifts in Special Circumstances (Common Law)
  • Legacies in Special Circumstances (Civil Code)

How will you learn?

CSI’s online learning system helps you meet your study goals. You’ll benefit from:

  • Textbook readings available in online PDF and printed format
  • Course materials accessed through your computer or laptop
  • Learning objectives that help you to keep the learning focused
  • Online interactive learning activities, including access to assistance from CSI’s academic support specialists

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