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Professional Development, University Extended Education, California State University, Fullerton

Course Information

The trustee who manages and invests the assets of a trust is subject to legal codes calling for prudence and consideration of the purposes, terms, distribution requirements, and other circumstances of the trust. The primary legal code to which trustees and many other fiduciaries are subject to is the Uniform Prudent Investor Act, which requires trustees to follow modern portfolio theory and implement sophisticated approaches to investment that take into account the proper risk to return ratios. Whether management of the portfolio is partially or completely delegated to an agent, the trustee is obliged to use reasonable care in the selection and oversight of the agent. The trustee must therefore be familiar with standard practices and laws governing the proper management of the trust investment assets. This course provides a detailed discussion of the requirements of the Uniform Prudent Investor Act pertaining to portfolio management as well as acceptable practices within the context of the code and the need to consider general economic conditions, tax consequences, the need for liquidity, and preservation of capital. Class lectures and discussion also provide a review of the basic mechanics of forming and implementing an investment strategy.

Please note: This program does not permit concurrent enrollment in other courses within the certificate.

Prerequisite

Trust Administration and Management

2 Course sections available Please note: Note: Click on the schedule number (i.e. E125-11103) to view more course information.
Schedule # Days Date Time Location Fee Register
E183-21277 01/22/18-02/25/18 Online Online-Variable $455.00
Instructor: Ong
Unit(s): 1.5
Notes:
Please be advised that a username and password will be required to access online and computer lab classes. If you have never logged into the CSUF Portal, you must log in with your CWID and temporary PIN# at http://my.fullerton.edu to update your profile prior to the first day of class. This process will allow you to create a CSUF user name and password, which are required to take online classes or use computer labs. Please select "Policies" from the Current Students drop-down list, and click on "Computer Access" for more information. If you have questions, please contact UEE Student Services at (657) 278-2611.
E183-21278 05/07/18-06/10/18 Online Online-Variable $455.00
Instructor: Ong
Unit(s): 1.5
Notes:
Please be advised that a username and password will be required to access online and computer lab classes. If you have never logged into the CSUF Portal, you must log in with your CWID and temporary PIN# at http://my.fullerton.edu to update your profile prior to the first day of class. This process will allow you to create a CSUF user name and password, which are required to take online classes or use computer labs. Please select "Policies" from the Current Students drop-down list, and click on "Computer Access" for more information. If you have questions, please contact UEE Student Services at (657) 278-2611.

Required
Required: 1. "Recommended: "McGovern California Probate Code Annotated," ISBN number 9780314689931. The annotated version is preferred because of the footnotes. You can also obtain a hard copy of the code without annotations through Thomson Reuters: http://legalsolutions.thomsonreuters.com/law-products/c/McGovern--Hirsch-California-Probate-Code-Annotated-2017-ed-California-Desktop-Codes/p/103688755. You may also search by topic or code number at: : https://leginfo.legislature.ca.gov/faces/codesTOCSelected.xhtml?tocCode=PROB&tocTitle=+Probate+Code+-+PROB Some background on the UPIA located in class content. 2. Prudent Investory Act Summary by the Uniform Law Commission. 3. The Model Uniform Prudent Investor Act. 4. Prudent Investing Under the California Probate Code: What Judges, Estate Planning Attorneys, Fiduciaries and Trustees Should Know. 5. The CA Uniform Prudent Investor Act comprising CA Probate Code Sections 16045-16054. 6. CA Probate Code Section 2101. Optional/Recommended Reading (can be purchased at www.ceb.com) 1. CA Local Probate Rules, CEB, Product #ES-3966. 2. CA Trust Administration, CEB, Product #ES-33300. 3. The CA Probate Code Annotated, 2012 Edition, CEB, Product #ES-31195. (The Desktop Edition of the Probate Code,latest edition available can be purchased at www.west.thomson.com or by calling 1-800-344-5008).