The trust vehicle is frequently used by families to manage, preserve and protect family wealth, as well as a means for estate and succession planning. What are the benefits, objectives or purposes of setting up a trust? What are the key issues that a client (settlor) would need to consider in using a trust? How can the settlor, trustees, or beneficiaries maintain control of trust assets? This course will provide a useful update for those who are considering setting up a trust or those who are advising clients on trust related matter.
Setting Up a Trust: Why, Who, Where and How?
Detailed Information
Highlights of the course include:
- Introduction – why trusts are used
- Types of trust
- Role of the trustee
- Appointment and removal of trustee
- Trustees’ duty and standard of care
- Trustees’ powers and remuneration
- General power of investment
- Power to delegate and appoint agents
- Trustees’ exemption clauses
- Beneficiaries’ right to information
- Beneficiaries’ right to remove trustees
- Private trust companies
- Trust jurisdictions
- Procedures and documentation requirement for setting up a trust
- Anti-money laundering and tax considerations
- Attacks on trusts
- The use of trust by Asian families
Registration Conditions
To view our registration conditions click HERE.