Overview
This is Unit 3 of the training programme in pursuing the "Trust Training Certificate".
It covers the requirements of administration and management of trusts including required form, proper documents, changing the trust instruments, investment policy format, letters of wishes, FATCA & CRS reporting, etc.
For 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 Trust and When Appropriate" prior to attending this course.
Content Highlight
- Set up process
- Distributions to beneficiaries
- Annual review
- Changes to the deed
- Adding and removing beneficiaries
- Re-domicile
- Trust investment policy
- Letters of Wishes
- Proper documents for trustee protection
- Basic accounting rules and trust account requirements
- Reporting (FACTA, CRS) overview and when required
- Beneficiaries rights to information under HK law
- Termination and closure documents and requirements
- For investment and pension trust, the role of custodian, administrator and registrar/scheme administrator
Who Should Attend
This 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 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 into the Trust industry sector.
Instructor / Speaker
Mark LEA
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.