Overview

This is Unit 3 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.

It consists of two modules:
Module 5: Other Estate Planning/Succession Vehicles
Module 6: Trust Protection Issues

For details on the topics to be covered, please refer to the 'Content' section below.

If you wish to register for the full TTC (version 2.0) Part A training programme and examination, click here.

Objective

On completion of the course, learners should be able to:
(a) Recognise the commonly used vehicles and strategies for estate planning other than trusts and foundations
(b) Explain the key features of each of these vehicles for estate planning (note particularly HK Holding company issues)
(c) Describe how these vehicles are related to or compliment different type of trusts
(d) Describe how a trust may be attacked
(e) Understand the protections offered by
      i. anti-forced heirship;
      ii. non-enforcement of foreign judgments; and
      iii. The use of an Employees Benefit Trust (“EBT”) to protect assets from a company’s creditors
(f) Understand the following grounds for a claim against a trust’s assets on breakdown of marriage
      i sham trust;
      ii the trust is a nominee arrangement;
      iii the trust is a nuptial settlement; and
      iv the trust’s assets are a financial resource.

Content

Module 5: Other Estate Planning/Succession Vehicles:
1. The nature of holding companies of trusts and its use and appropriateness in estate planning
2. The nature of insurance and, in particular and its use and appropriateness in estate planning
3. The nature of wills and their use and appropriateness in estate planning
4. The nature of pre-nuptial agreements and their use and appropriateness in estate planning
5. The nature of a gift and its use and appropriateness in estate planning
6. The nature of loans and its use and appropriateness in estate planning

Module 6: Trust Protection Issues:
1. The general rules and benefits of asset protection
2. How far trusts offer protection for trust assets on breakdown of marriage
3. How far trusts accrued benefits are protected from creditors

Who should attend

This course is primarily designed for individuals who are interested in obtaining the "Trust Training Certificate" to qualify for the Hong Kong Trustees' Association Certified Trust Practitioner™ designation.

It is also relevant for individuals seeking a comprehensive understanding of the course subject matter and those planning to enter the Trust industry sector.

Financial Incentive Scheme of the WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).

Click here if you wish to register for full TTC (version 2.0) Part A training programme and examination.