Overview

This is Unit 6 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme."

This eCourse is based on the recorded webinar session held on 21 May 2024. For participants who plan to take the TTC Part A Examination in December 2024, you should ensure you read the study guide and materials provided via the examination enrolment link.

In line with the Unit 7 study guide, it consists of the following module:
Module 13: International Comparison of Trusts

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 will gain awareness of the key differences between various types of trusts across jurisdictions, with a focus on Hong Kong, BVI, Channel Islands, Cayman Islands, Singapore, and PRC.

Content

Module 13: International Comparison of Trusts:
1. Whether initial capital is required to create a valid trust
2. Validity of a trust and whether the trust can be for persons and purposes
3. Continuity of a trust
4. Asset protection
5. Non-enforcement of foreign judgments – anti-forced heirship
6. The office, role and powers of a protector
7. Reserved powers to the settlor and other relevant party (IES)
8. Protective trusts
9. Charitable trusts
10. A special type of trust – vista type trusts
11. Trust combined with a limited partnership
12. Application of the statutory duty of care
13. Aspects of trustees’ powers
14. Trustees’ duties
15. Liability and protection of trustees
16. Provision of information
17. Jurisdictions with a foreign trust regime
18. General anti-avoidance rules (“GAAR”) for taxation
19. Specific anti-avoidance rules (“SAAR”) for taxation
20. Jurisdictions which provide special types of trust which may legally mitigate tax

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.

Click here if you wish to register for full Part A training programme and examination.