Member Services ABA Fiduciary Law and Trust Activities Recommended as a resource for all trust bankers and as a study guide for the Certified Trust and Financial Advisor exam. Investment Responsibilities of a Trustee reviews the trust administrator s responsibility for investing trust assets, and includes a discussion on the new modern portfolio theory of investing, which is being applied widely as a replacement for the prudent person rule. Environmental Law reviews federal laws in this area along with a thorough discussion of how they apply in a trust or other fiduciary settings.
Ethics summarizes the duties of a trustee to the beneficiaries of a trust.
As financial advisors to customers in the trust and financial planning areas, bankers need to be familiar with the legal considerations and business practices for the programs and plans they offer. The Fiduciary Law and Trust Activities Guide is a helpful tool to assist you in planning and administering trusts, and in discussions with customers and other professional advisors. In preparation for the CTFA and as a personal review, the Fiduciary Law and Trust Activities Guide includes questions and answers for each chapter. E-mail the ABA Webmaster.