What You Will Learn
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.
|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)
|Creation, Kinds and Aspects of Trusts||10%|
|Perpetuities, Accumulation, Vesting||6%|
|Variation, Termination, Renunciation of Interests||6%|
|Appointment, Replacement, Removal, Resignation (Trustees and Executors)||10%|
|Powers and Duties of Trustees||14%|
|Compensation, & Indemnity' Breach of Trust & Liability||12%|
|Will Challenges & Family Law||10%|
|Estate Debts, Claims and Legal Actions||12%|
|Identification of Beneficiaries/Special Circumstances||10%|
|Gifts and Legacies in Special Circumstances||10%|
|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.
Continuing Education (CE) Credits
Click the links below or the buttons at the top of the page on the right side to access CE accreditation information. To search for specific course information, press Ctrl + F and then enter the course name to search the document for the information you are interested in.
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.