Trust Training Certificate (TTC) – Unit 2: Types of Trusts and When Appropriate (eCourse)

Trust Training Certificate (TTC) – Unit 2: Types of Trusts and When Appropriate (eCourse)

Overview

This eCourse will be accessible from 9 April 2020 to 14 June 2020.

This is the Unit 2 of the training programme in pursuing the “Trust Training Certificate” (“TTC”).

This eCourse is developed in relation to the special arrangement for the participants joining the TTC Part A training in April and May 2020. It is prepared based on the recorded version of the last class (face-to-face mode) of Unit 2 done on 3 October 2019. For the participants who will take the TTC Part A Examination in June 2020, you should ensure you read the latest version of study guide and materials provided via the examination enrolment link.

In line with the Unit 2 study guide, this eCourse consists of 2 modules.
Module 4: Types of Trust and their uses
Module 5: Retention of Control

In each module, you must watch the recorded video and then pass the assessment (with unlimited attempts).

Objective

On completion of the course, you will be able to:
1. Recognize the common types of trusts for estate planning purposes
2. Recognize the common types of trusts for investment purpose
3. Recognize the common types of trusts for employee benefits purposes
4. Appreciate the limitations of certain jurisdictions for some types of trusts
5. Recognize the common types of trusts if retention of control is a key consideration of the Settlor
6. Explain how these types of trusts could provide for retention of control by the Settlor or others and why
7. Recognize which jurisdictions offer the solutions
8. Elaborate common applications e.g. reserve power trust, VISTA
9. Identify the problems with retention of control trusts

Content

Module 4: Types of Trust and their uses:
1. Protective Trusts
2. Charitable Trust
3. Non-Charitable Purpose Trust (“NCPT”)
4. Investment vehicle in form of a trust
5. Pension Trust
6. Employee Benefit Trust e.g. employee stock ownership plan (ESOP)
7. Discretionary (and Letters of Wishes)
8. Bare Trusts, Declarations of Trust, Two-party trust (Co-fiduciary Trust)
9. Fixed Interest
10. Revocable or irrevocable
11. Resulting Trusts / Constructive Trust

Module 5: Retention of Control
1. Reserved Power Trusts
2. Private Trust Company’s (PTCs)
3. Use of VISTA / LST / SISTA trusts in overview [with case studies]
4. Trust / Limited Partnership structure

Who should attend

The course is primarily targeted to those who would like to pursue the "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.

Special remarks:

This course is NOT eligible for the financial incentive scheme of the WAM Pilot Programme.

Details

Code
TEPFR20010601
Venue
ePlatform
Language
English
Level
Introductory
Hours
SFC:3.00, PWMA:3.00
Fees
All (Member & Non-Member): HK$1050