Setting Up a Trust: Why, Who, Where and How?

The trust vehicle is frequently used by families to manage, preserve and protect family wealth, as well as a means for estate and succession planning.  What are the benefits, objectives or purposes of setting up a trust? What are the key issues that a client (settlor) would need to consider in using a trust? How can the settlor, trustees, or beneficiaries maintain control of trust assets? This course will provide a useful update for those who are considering setting up a trust or those who are advising clients on trust related matter.

Detailed Information

Highlights of the course include:

  • Introduction – why trusts are used
  • Types of trust
  • Role of the trustee
  • Appointment and removal of trustee
  • Trustees’ duty and standard of care
  • Trustees’ powers and remuneration
    • General power of investment
    • Power to delegate and appoint agents
  • Trustees’ exemption clauses
  • Beneficiaries’ right to information
  • Beneficiaries’ right to remove trustees
  • Private trust companies
  • Trust jurisdictions
  • Procedures and documentation requirement for setting up a trust
  • Anti-money laundering and tax considerations
  • Attacks on trusts
  • The use of trust by Asian families

Registration Conditions

To view our registration conditions click HERE.