Overview

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.

Content

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.