Trust Training Certificate (TTC) - Unit 14: Foundations Law - Part 1
This is Unit 14 of the training programme in pursuing the “Trust Training Certificate”.
It consists of two modules:
Module 22: Foundations Overview
Module 23: Parties to a Foundation and their Roles
For the topics to cover, please refer to the content section below.
- Establishment and registration
- Charter and articles / rules
- Language, form and validity
- Purpose and change of purpose
- Asset protection and anti-forced heirship
Parties to a Foundation and their Roles
- Different parties: founder, council, officers, resident, agent, secretary, supervisory person, beneficiaries, guardian
- Duties and powers of these parties
- Retention of control:
(a) Founder’s powers and rights
(b) Foundation as a PTC
(c) Foundation / limited partnership structure
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.
Mark is active in providing advisory works both to governments and families with international members. Mark advised the Government of Singapore with regard to the Trustees Act of Singapore. He originated the proposals for changes to the Trust Law of Hong Kong and advised on such changes. He advised the Malaysian Government on changes to the laws of Labuan, including Trust Law, Foundations Law and Limited Partnership Law. He remains an international adviser to that government. He advised the Government of Samoa on and has drafted new Trust Law, new Foundations Law and a new Trustee Companies Bill and has advised on and drafted changes to other relevant laws in consequence.
Mark taught a course on international estate planning, including the use of trusts and foundations, as Adjunct Professor of Law at the National University of Singapore for 10 years. He is teaching a similar course in Samoa.