Introduction to Trust Law and Administration
Introduction to Trust Law and Administration
| Duration: | 1 day |
| Level: | See Below |
| Suitable for: | This course is designed to provide employees with an introduction to the trust environment. Applicable to all new financial sector employees, together with those who have recently transferred into the trust and company environment and who wish to gain a basic knowledge in this area. |
| CPD Hours: | 6 |
| Cost: | £295.00 |
| Dates: | Thu 05 Apr 2012 Book Now »
Thu 08 Nov 2012 Book Now » |
Overview
This course is aimed at those new to the trust company environment, and covers how trusts originated, trust creation and various types of offshore trusts and their uses. The training is non‑legalistic and interactive with practical examples of effective administration and group exercises which bring a practical element to support the theory.
Course content
- Definition of a trust
- How trusts developed
- Review of the main parties to a trust
- Who is the settlor? Ensuring that the settlor has the capacity and legal right to establish a trust
- Appointment of a trustee?
- What are a trustee’s duties and how do they derive their powers?
- Who can be a beneficiary and what are their interests and rights?
- The three certainties
- How are trusts created?
- A brief overview of common types of trusts and how they are used offshore
- Trust deeds and letter of wishes
- The importance of trustee records and meetings
Learning outcomes
Having attended this course, delegates will:
- Have an understanding of the beneficiary interests and rights
- Be familiar with Trustee duties and powers
- Appreciate the need for effective trustee meetings and minutes and the importance of offshore management and control
- Be able to apply the knowledge gained to improve their daily working lives
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