Wealth Management
Trust Training Certificate (TTC) (version 2.0) - Unit 4: Trusts Compared with Other Estate Structuring Vehicles
Overview
This is Unit 4 of the "Trust Training Certificate ("TTC") (version 2.0) training programme".
This eCourse is based on the recorded webinar session held on 30 April 2024. Please note that the examination is based on the study guide and slide deck, which can be downloaded from the eCourse. For participants who plan to take the TTC Part A Examination at a later date, you should ensure you read the study guide and materials provided via the examination enrolment link.
In line with the Unit 4 study guide, this eCourse consists of the following module:
Module 7: Trusts Compared with Other Estate Planning Vehicles
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 various estate structuring vehicles
(b) Explain the key features of these various estate structuring vehicles, their differences and their respective advantages and disadvantages
(c) Be aware of how these other estate structuring vehicles are used in different jurisdictions and why they are used (e.g. laws)
Content
Module 7: Trusts Compared with Other Estate Planning Vehicles:
1. The general nature of trusts, foundations, private companies, partnerships and limited partnerships, and segregated portfolio companies
2. Factors of comparison
3. Key benefits, shortcomings and differences regarding trusts, foundations, private companies, partnerships and limited partnerships, and segregated portfolio companies
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.
Speaker/Course Instructor
Richard advises trustees, ultra-high net worth individuals, private trust companies and family offices on the establishment, restructuring and administration of trusts. He regularly assists in estate administration, succession planning and family governance. Private clients and family offices instruct Richard to advise on the use of corporate vehicles for asset holding and succession planning purposes. Richard is an expert in regulatory law including AML, AEOI, economic substance, sanctions and licensing and risk management for trust companies. He also advises on collective investment funds, particularly unit trusts and private label funds.
Richard has acted for many of the world’s leading trust companies, financial institutions, wealthy individuals and related structures. He has experience with dealing with clients and advisors across the globe.
Richard has over 23 years’ post qualification experience with the majority spent in offshore firms. Richard has lived and worked in Jersey, London, the Cayman Islands and (since 2009) Hong Kong. He is admitted as a solicitor in England and Wales and the British Virgin Islands and is a Registered Foreign Lawyer in Hong Kong. He has also been admitted as an Attorney in the Cayman Islands.
Recently, he has been recognised in the 2023 edition of the Private Client Global Elite Directory and also selected as one of the world’s leading practitioners in the Who’s Who Legal Thought Leaders: Private Client 2023 report.
Details
Click here if you wish to register for full Part A training programme and examination.