Overview
This is Unit 7 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.
It consists of the following module:
Module 13: International Comparison of Trusts
For details on the topics to be covered, please refer to the 'Content' section below.
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 Highlight
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.