Overview

This eCourse will be accessible until 8 June 2024.

This is Unit 14 of the training programme in pursuing the “Trust Training Certificate”.

This eCourse is developed based on the recorded webinar session of Unit 14 held on 25 May 2021. Please note that the study guide and materials for this eCourse align with those supplied for the June 2024 TTC Part B Examination through the enrolment link, both reflecting the April 2021 version.

It consists of two modules:
Module 22: Foundations Overview
Module 23: Parties to a Foundation and their Roles

Objective

On completion of the course, you will be able to:
1. Understand how a foundation differs from a trust
2. Explain when a foundation is more appropriate than a trust
3. Understand the legal form of documents and formalities of a foundation
4. Understand the various parties to a foundation
5. List the parties in a foundation and explain their roles compared with the parties and roles in a trust.

Content

Module 22: Foundations Overview
1. Establishment and registration
2. Charter and Articles / Rules
3. Language, form and validity
4. Purpose and change of Purpose
5. Asset protection and anti-forced heirship

Module 23: Parties to a Foundation and their Roles
1. Different parties: founder, council, officers, resident, agent, secretary, supervisory person, beneficiaries, guardian
2. Duties and powers of these parties
3. Retention of control:
(a) Founder’s powers and rights
(b) Foundation as a PTC
(c) Foundation / Limited Partnership Structure

Who should attend

The course is primarily targeted to those who would like to pursue “Trust Training Certificate” in order to apply for the Hong Kong Trustees’ Association Certified Trust Practitioner™ designation.

It is also relevant to those who would like to gain a solid understanding of the course subject matter and / or those who plan to enter the Trust industry sector.

Click here if you wish to register for full Part B Stream 1 training programme and examination.