Trust Admin - Module 1 - Introduction to Trusts

The content of this course comprises: General background to trusts (to include the need to administer the trust in the best interests of the beneficiaries). Different parties involved with trusts and their roles - Settlor / Trustee & Beneficiaries. Development of protectors / enforcers. Three certainties. Difference between legal and beneficial ownership. Types of trust - Interest in possession / Discretionary / Accumulation and maintenance. Difference between income and capital - Beneficial interest / tainting of capital/mixing with income. Reasons for having a trust - Advantages / Disadvantages.

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