Undergraduate Academic Policies
Department and Course Descriptions
Table of Contents
Trust and Investment Management
Trust and Investment Management |
Trust Management Pre-Law
Trust and Investment Management Course Listing
Professor: Mr. Pond
Associate Professor: Mr.
Witherspoon (Chair), Dr. Deutsch, Ms. Vaughan
Assistant Professor: Mr. Berry, Mr.
Requirements for a Major in
Trust and Investment Management (BBA) (CIP 52.0899)
ACCT 213, 214, 333; BADM 221, 222, 300, 314, 320, 331, 336, 433, 435, 530, 531; CIS 125; ECON 201, 202, 453; TRST 330, 400, 410, 411, 415,
420, 432, 435, 436, 438, 470. In order to receive the Trust Certificate,
Trust Management graduates must earn a minimum overall grade point
average of 2.50.
Requirements for a Major in Trust
and Investment Management Pre-Law Track (BBA) (CIP
ACCT 213, 214, 333; BADM 221,
222, 300, 314, 320, 433, 435, 530, 531; CIS 125; ECON 201, 202; TRST
330, 400, 410, 411, 415, 420, 432, 435, 436, 438, 470; and three from:
DRAM 115, ENGL 302, GOVT 229, GOVT 330, or PHIL 221. In order to receive
the Trust Certificate, Trust Management graduates must earn a minimum
overall grade point average of 2.50.
Requirements for a Minor in
ACCT 333; BADM 320, 433, 530;
TRST 410, 411,432,436 (no more than 6 hours in a major may be applied to
Trust Management Course
Listing (TRST 000)
330 Wills, Estates, and Trusts (3)
A course designed to introduce
students to the subject of property and interests therein, the
distribution of property by intestacy or by will, trusts as dispositive
devices, and the planning and administration of property in estates and
400 Fiduciary Law (3)
A study of the origin and
nature of trusts, methods of creating a trust, necessity of trust
property, capacity to be a trustee, definiteness of beneficiaries and
the transfer of their interests. Prerequisite: TRST 330.
410 Estate Taxation (3)
A study of the basic
principles of federal estate tax law and basic techniques to minimize
the impact of the tax on the decedentís estate. Prerequisite: Accounting
411 Gift and Fiduciary Taxation (3)
A study of the basic
principles of federal gift tax law, generation-skipping tax law, and
fiduciary income tax law. Emphasis will be given as to how to minimize
the impact of gift, generation-skipping, and fiduciary income taxation.
Prerequisite: Accounting 333 and Trust 410.
415 Operational Functions of a
Trust Department (3)
A study of organization
staffing, policies, control procedures, and administration of a trust
department. Provides the student with a foundation for understanding the
role of effective management in achieving adequate profitableness in a
trust department. Emphasis is placed on the application of Regulation 9
of the Comptroller of the Currency and techniques for the development of
new trust business, including prospecting techniques, sales talks,
establishment of new business goals, and maintenance of records.
Prerequisites: TRST 330 and 400.
420 Fiduciary Law (3)
A study of the administration
of trusts, the duties and powers of the trustee, the liabilities of the
trustee, and remedies of the beneficiary of third persons, the
investment of trust funds, allocation and apportionment of receipts and
expenses between principal and income, and the termination or
modification of a trust. Prerequisite: TRST 400.
432 Estate Planning Seminar (3)
A study of the principles of
intestate law, taxes, and techniques of planning the disposition of
property by will and trust. Fields covered include wills, inter vivos
trusts, insurance trusts, pension and profit-sharing trusts, and
business buy-sell agreements. Semester case problem requires analysis
and development of a plan and presentation to live participants.
Considerable emphasis is placed on new business development and post
mortem planning. Prerequisites: TRST 420 and 411, or approval of
435 Estate Administration and
A senior seminar course for
trust majors based on a case problem. The case covers the entire period
of administration of an estate and focuses upon the major fiduciary
functions of administrative law and court proceedings. Required is the
preparation of gift, estate, and income tax returns; investment review;
accounting procedures which require the student to inventory assets and
set up and operate a set of accounting ledgers and records for the
discharge of fiduciary responsibility, including post mortem planning;
prepare all necessary court accounting and make final contribution per
terms of the Last Will and Testament. Prerequisite: TRST 420.
436 Employee Benefits (3)
This course is designed to
introduce the student to the various types of employee benefits that are
provided employees by or through employers including corporations, sole
proprietorships, and the self-employed. The course examines social
security benefits and focuses on the basic concepts used in the
establishment, administration, investment, and distribution of various
Defined Benefit and Defined Contributions Plans. The student is exposed
to the regulations and practices governed by ERISA and takes part in the
review and development of a prototype plan. Several active employee
benefit account managers are guests during the semester to provide the
students a realistic application of the course of study. Prerequisites:
ACCT 333, TRST 411.
438 Trust Administration (3)
An examination of the
administration and distribution of property placed in trust by
individuals, corporations, charitable institutions, and units of
government. Prerequisite: TRST 420.
470 Trust Sales and Marketing (3)
A practical investigation of sales process and the marketing process
from the trust bankerís perspective. Topics include the evolution of
the market for trust services, market opportunity assessment, market
segmentation, development of marketing strategies, pricing of services,
and personal selling. Prerequisite: Senior standing in the Trust and
Investment Management Program.
490 Trust Internship (3)
A trust or financial
planning-related employment experience with an approved organization.
Related term paper required. Prerequisites: Junior standing (at least),
declared major in Trust Management, overall grade point average of 2.0
or greater, and completion of an independent study contract.