Overview

This is Unit 4 of the training programme in pursuing the ''Trust Training Certificate".

It consists of two modules:

Module 7: Other Estate Planning / Succession Vehicles
Module 8: Trust Protection Issues

For the topics to cover, please refer to the content section below.

If the participant is intended to pursue the "Trust Training Certificate", he / she is required to take "TTC Unit 1: Introduction to Trusts" and "TTC Unit 2: Types of Trusts and When Appropriate" prior to attending this course.

Content

Other Estate Planning/Succession Vehicles
‧ Descriptions of the nature of
o Holding companies within trusts (cover prohibition on trusts as shareholders of HK companies)
o Insurance & ILIT (requirements re “insurability” and restrictions on changes to ILIT’s
o Wills
o Prenuptial agreements
o Gifts
o Loans
‧ Uses and appropriateness in estate planning

Trust protection issues
‧ Third party creditors
‧ Marriage breakdown protection issues (recent court cases)
‧ Protection of accrued benefits, e.g. share plans & under MPF

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 TM 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.

Financial Incentive Scheme of the WAM Pilot Programme

This is one of the eligible courses / seminars / conferences under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.

Eligible in-service practitioners of the financial services industry could apply for reimbursement of 80% of the course fees, subject to a maximum of HK$7,000 (whichever is lower) upon satisfactory completion of a course / seminar / conference over the three-year period of the Scheme.

Each individual may apply for reimbursement for more than one course / seminar / conference.

Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the course / seminar / conference attended. Please refer to the WAM Pilot Programme website for more details.