Trusts and Wealth Management

  • (Live Face to Face & Zoom) Introduction to Trusts

    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 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 matters.

    29 Sep, 2020

  • (Live Face to Face & Zoom) Economic Substance – Impact on Private Clients, Trustees and Family Offices

    This course will go through the new “economic substance” (“ES”) laws in the major offshore financial centres and how it affects private wealth structures.

    In December 2017, the European Union Code of Conduct Group carried out a review of the tax policies of those jurisdictions with zero or only nominal taxation and considered the concept of “economic substance”. Many jurisdictions have introduced laws to deal with this issue.

    The new laws impose requirements in respect of company management, operating expenditure, human resources and income generating activities. Non-compliance with the law could lead to financial penalties and the business entity being struck off.

    The speaker will walk you through the economic substance test to help you identify the business entities affected by the new law and how to comply.

    08 Sep, 2020