Trusts and Compliance: How to deal with Trusts when you come across them.

Course Outline

This course is designed for service providers who are not trustees: bankers, investment advisors, notaries and estate agents – and their risk and compliance officers – who are often faced with applications or instructions from or involving trustees with reference to property held on trust and are perplexed by concepts they suddenly find they need to deal with.

Who am I dealing with? Who gives me instructions? What do I ask for to comply with the law? Where is legal authority vested? Who has signing powers? What documents do I check and how often? What resolutions or evidence of decisions do I ask for? What is the difference between a simple trust and a complex one? What should I do when beneficiaries approach me and what if they change? Who do I charge and who do I sue if I don’t get paid for my services? What happens when a trustee resigns and is substituted, when a settlor or a beneficiary dies or when a trust is terminated?

These and many other everyday practical difficulties, the players in the financial and property sectors face, will be analysed to ensure participants reach a level of comfort when dealing with trusts and trust instruments, trustees, settlors and beneficiaries and protectors.

Certification

Certificates of Attendance will be issued to participants who attend a minimum of 10 workshops.

Venue and Date

Institute of Legal Studies Tuition Centre, 19/12 Vincenti Buildings, Strait Street, Valletta VLT1432 (Xerox Building)

14th, 16th, 21st & 23rd Nov 2016; 1st & 2nd Dec 2016; 9th, 11th, 23rd & 25th Jan; 6th & 8th Feb, 2017

Participation Fee

€ 500; cheques payable to Institute of Legal Studies Malta
Please note that the first two sessions are being offered free of charge. Applicants are to inform us if they intend to attend these two sessions which will be held only if a minimum of 10 applicants apply.

Registration

To apply kindly use our online registration form.

Programme

Session 1: Monday 14th November, 2016 / 1600 – 1800hrs
Introduction to Fiduciary Obligations; Dr. Max Ganado, GANADO Advocates

Session 2: Wednesday 16th November, 2016 / 1530 – 1830hrs
Introduction to Trusts and their Main Legal Effects; Dr. Max Ganado, GANADO Advocates
a) Some History
b) What is a Trust?
c) The Main Legal Effects of Trusts

Session 3: Monday 21st November 2016 / 1500 – 1900hrs
The Main Players and their Role within the Trust; Dr. Anthony Cremona, GANADO Advocates
a) The Settlor
b) The Trustee
c) Beneficiaries
d) Protector – Enforcer

Session 4: Wednesday 23rd November 2016 / 1600 – 1800hrs
Recognising Different Types of Trusts and their particular effects; Dr. Max Ganado, GANADO Advocates

Session 5: Thursday 1st December, 2016 / 1600 – 1800hrs
Accounting in Trusts; Mr. Paul Darmanin, Deloitte

Session 6: Friday 2nd December, 2016 / 1630 – 1830hrs (NEW DATE)
Key Documents and Elements in any Trust; Dr. Anthony Cremona, GANADO Advocates

Session 7: Monday 9th January, 2017 / 1530 – 1830hrs
Decisions in Trust Administration;
Access to information on trusts whether internally or externally to the trust
Dr. Max Ganado, GANADO Advocates & Mr. Emmanuel Magri, Equity Wealth Solutions Limited

Session 8: Wednesday 11th January, 2017 / 1600 – 1800hrs
Regulation of Trustees; Dr. Anthony Cremona, GANADO Advocates

Session 9: Monday 16th January, 2017 / 1530 – 1830hrs
How to deal with Foreign Trustees
Foundations
Dr. Max Ganado, GANADO Advocates

Session 10: Wednesday 25th January, 2017 / 1600 – 1800hrs
Trusts and FATCA, CRS and DAC2; Dr. Ramon Navarro, PwC & Dr. Abigail Galea, GANADO Advocates

Session 11: Monday 6th February, 2017 / 1600 – 1800hrs (NEW DATE)
Trustees and AML/CFT; Dr. Anthony Cremona, GANADO Advocates

Session 12: Wednesday 8th February, 2016 / 1600 – 1800hrs (NEW DATE)
How Trusts are taxed; Dr. Stephen Attard, GANADO Advocates

 

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