Overview

This eCourse will be accessible from 29 June 2020 to 23 August 2020.

This is Unit 14 of the training programme in pursuing the “Trust Training Certificate”.

This eCourse is developed in relation to the special arrangement for the participants joining the TTC Part B training in June and July 2020. It is prepared based on the recorded version of the last class (face-to-face mode) of Unit 14 done on 11 June 2019. For the participants who will take the TTC Part B Examination in August 2020, you should ensure you read the latest version of study guide and materials provided via the examination enrollment link.

It consists of two modules:
Module 22: Foundations Overview
Module 23: Parties to a Foundation and their Roles

In each module, you must watch the recorded video and then pass the assessment (with unlimited attempts).

Objective

On completion of the course, you will be able to:
1. Understand how a foundation differs from a trust
2. Explain when a foundation is more appropriate than a trust
3. Understand the legal form of documents and formalities of a foundation
4. Understand the various parties to a foundation
5. Be able to list the parties in a foundation and explain their roles compared with the parties and roles in a trust.

Content

Module 22: Foundations Overview
1. Establishment and registration
2. Charter and Articles / Rules
3. Language, form and validity
4. Purpose and change of Purpose
5. Asset protection and anti-forced heirship

Module 23: Parties to a Foundation and their Roles
1. Different parties: founder, council, officers, resident, agent, secretary, supervisory person, beneficiaries, guardian
2. Duties and powers of these parties
3. Retention of control:
(a) Founder’s powers and rights
(b) Foundation as a PTC
(c) Foundation / Limited Partnership Structure

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 and / or those who plan to enter the Trust industry sector.

 

Special remarks:

The course is NOT eligible for the financial incentive schemes of the WAM Pilot Programme.