Compliance, Legislative & Regulatory Standards
[Webinar] Trust Training Certificate (TTC) - Unit 9: The Contents of Trusts and Drafting
This is Unit 9 of the training programme in pursuing the “Trust Training Certificate”.
It consists of two modules:
Module 13: Drafting and Important Deed Provisions
Module 14: Variations Required to a Discretionary Trust when Drafting
For the topics to cover, please refer to the content section below.
Drafting and Important Deed Provisions
- A review of the usual provisions for:
(a) Discretionary trust;
(b) Protective trust;
(c) Fixed interest trust;
(d) Accumulation and maintenance trust;
(e) Foreign grantor trust; and
(f) Granny trust.
- The choice of trustee
- Choosing the jurisdiction of the proper law
- Reasons for selection of a particular jurisdiction to achieve specific objective for estate planning
Variations Required to a Discretionary Trust when Drafting
- Variations required to a discretionary trust when drafting:
(a) A charitable trust;
(b) A non-charitable purpose trust;
(c) A reserved power trust;
(d) A VISTA / LST / SISTA;
(e) A Trust to be combined with a limited partnership; and
(f) Special provisions need to be included in a limited partnership agreement to be combined with a trust.
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.
Financial Incentive Scheme of the WAM Pilot Programme
This is one of the eligible courses / seminars under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.
Eligible in-service practitioners of the financial services industry could apply for a reimbursement up to 80% of the course / seminar fees, or a maximum of HK$10,000 per person throughout the period of 1 October 2016 to 31 March 2023 upon satisfactory completion.
Each individual may apply for reimbursement for more than one course / seminar subject to a maximum of HK$10,000 but each course / seminar can only be reimbursed once.
The duly signed application form together with the FIVE supporting documents must be submitted within FOUR months from the last day of the course / seminar attended. Please refer to the WAM Pilot Programme website for more details.
WAM Pilot Programme Special Requirements
If you plan to apply for reimbursement under the Financial Incentive Scheme (FIS), please ensure your device/computer has the camera feature or with webcam installed as you are required to turn on your camera throughout the webinar.
Participants who wish to register into all seven (7) units of Part B stream 1 training sessions, please click here.
Participants who wish to register into all seven (7) units of Part B stream 1 training sessions and examination, please click here.