Overview

This is Unit 18 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.

This eCourse is prepared based on the recorded version of the webinar session held on 26 September 2024. For participants who plan to take the TTC Part B Stream 1/2 Examination at a later date, you should ensure you read the study guide and materials provided via the examination enrolment link.

It consists of one module:
Module 20: Some commercial uses of trust

If you wish to register for the full TTC (version 2.0) Part B Stream 2 Training Programme and Examination, click here. 

Please note that only the full programme is eligible for WAM FIS reimbursement.

Objective

On completion of this eCourse, you will:
- Understand the structure and purpose of the various trusts (escrow, REITS, employee benefit, pre IPO, business trusts, employee share/option plan) and their uses;
- Identify the various parties to each of these trusts and explain what their role is;
- Explain when these various types of trusts are needed and the circumstances under which each would be a suitable vehicle for a client;
- Be able to list any key elements that must be present for these different types of trusts;
- Be able to list the advantages of Pre IPO Founder trusts; and
- Understand and explain how employee share and option plans are structured, their advantages and the tax and reporting implications.

Content

This Module concentrates on trusts for broader commercial uses which include:
1. Trusts as escrow arrangements;
2. Trusts to provide for security – “Quistclose Trusts” Security Trustee & Bond Trustee Arrangements;
3. Trusts for security in litigation/court cases/mediation;
4. Business trusts;
5. Real Estate Investment Trusts (REITS);
6. Employee benefit trusts;
7. Medical scheme trusts;
8. Pre IPO founder share trusts; and
9. Employee share/option plan / trusts and their structure and tax implications.

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.