Learn how unique assets can challenge trust specialists
Estates holding unique assets can test the business and legal acumen of an estate and trust professional. Whether an estate holds an operating business, a farm or foreign assets, the learning curve may be high for even the most seasoned professional. They must understand the rules for trustee investments, estate management, and the responsibilities of executors and trustees.
Introducing the NEW Estate and Trust Asset Management (ETM) course
The NEW ETM course provides advanced professionals in the estate and trust divisions of banks with the skills to handle diverse clients with complex holdings. This is also one of the required courses for the MTI® Estate and Trust Professional designation.
Who Should Enrol
The ETM course is designed for advance-level estate and trust professionals. Trust or tax officers and estate planners in financial services would find this useful, especially those who are advancing their careers by earning their MTI® Estate and Trust Professional designation. This course may be a mandatory requirement at some firms and it can also be tailored for any corporate training program.
Students will acquire detailed knowledge about administering estates with unique assets, including those operating a business or with assets or beneficiaries in foreign jurisdictions. Upon completion of the course students will be able to:
- Administer a portfolio of estates and trusts in accordance with the terms of governing documents, relevant law and corporate risk management policies and procedures
- Discuss investment guidelines for trustees
- Identify when specialists are required to guarantee authoritative service and advice, and at a reasonable cost
- Detail how to ensure proper valuation, retention and sale of farm assets
- Explain the details upon the death of an owner for each type of proprietorship, including "wind-up", sale or continued operation of the business, the valuation process and tax consequences
- Identify issues that may arise when trust assets or beneficiaries reside in foreign jurisdictions
- Explain the methods used to gather information about active companies and evaluate their worth
- Outline the duties and restrictions imposed upon an executor in dealing with a business asset
ETM is one of the requirements for CSI's NEW the MTI® Estate and Trust Professional designation. It can also be taken as a stand-alone course.
|Approximate Hours of Study**|
|Hours of Study||20 - 30 hours|
** In order to provide some guidance to course participants as to the length of time it will take to be sufficiently prepared to write the final examination, CSI has prepared this estimate of the number of hours an average participant could possibly expect to spend studying for a course. Please note that these are only recommended hours of study developed based on research and our course content, however, this does not mean that some students with exceptional backgrounds would not take less time than recommended or that students with no background at all in finance or economics would not take longer than the maximum.
|ASSESSMENT STRUCTURE (Subject To Change)
(weightings are approximate)
|Types of Businesses, Review of Business, Disposition, Taxation of Business||6%|
|Protection and Valuation of Assets||20%|
|Ongoing Management of a Private Corporation||10%|
|Introduction to Farms||4%|
|Multi-Jurisdictional Succession and Foreign Asset Management||10%|
|Non-Traditional Asset Classes, International Investing||6%|
|Portfolio Solution Fundamentals||10%|
|Managing Investment Risk||10%|
|Selecting and Working with Investment Consultants||12%|
|TEST FORMAT (Subject To Change)|
|Test Length||1.5 Hours|
|Question Format||Multiple Choice|
|Questions Per Exam||50|
|Attempts Allowed Per Exam||2*|
|Enrolment Period||6 months†|
*Students will have two attempts ONLY to complete the test for this course. There is no additional charge for the second attempt. If you fail both attempts you will have to re-enrol in the course.
Important: During a student's enrolment period, CSI may update this course. In that case, details about the update and how it may affect students will be posted online via My CSI. Students are held responsible for and are examinable on the content in the course textbook(s) provided at the time of enrollment unless stated otherwise in My CSI. Students are encouraged to check My CSI regularly throughout their enrolment period.
Click below to access CE accreditation information for this course. To search for specific course information, click the icon or press the ctrl key & F key at the same time and enter the course name to search the document for the information you are interested in.
Continuing Education Credits
National/Provincial (Excluding Quebec)
Download CE Chart (PDF, 163 kb)
Download IQPF/CSF Chart (PDF, 182 kb)
Please note: While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the charts above may be subject to change.
For details on the organizations and other information on CE Credits listed in the above charts, please click here.
SHIPPING & HANDLING
- Non-electronic course materials will ship within 5 business days of purchase
- Electronic course materials will be available immediately upon purchase
- Shipping costs vary by location & will be displayed on the final screen of check out
- Shipping and handling fees will apply to all orders that include textbooks.
Corporate discounts may apply. Please be sure to identify your employer during the enrollment process or contact your human resources or training department to determine eligibility. Discounts will be applied during the enrolment process.