Understanding Trust Law and Administration

Overview

The course is aimed at those new to the trust environment or those seeking to refresh their knowledge. It covers the origins of trusts, their creation and uses, and is taught in an interactive manner.

Suitable For

Employees within financial services who wish to gain knowledge of trusts and how they operate.

6 CPD hours
1 day

This session has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Learning Outcomes

Having attended this course, delegates will:

  • Have an understanding of the different parties to a trust
  • Gain knowledge of the types of trust and their uses
  • Be able to apply the knowledge gained to improve their daily working lives

SESSION CONTENT

  • Definition of a trust
  • How trusts developed
  • Review of the main parties to a trust
  • Who is the settlor? Ensuring that the settlor has the capacity and legal right to establish a trust
  • Appointment of a trustee
  • What are a trustee’s duties and how do they derive their powers?
  • Who can be a beneficiary and what are their interests and rights?
  • The three certainties
  • How are trusts created?
  • Common types of trusts and how they are used offshore
  • Trust documentation
  • The importance of trustee records and meetings