Private Trust Administration Course

Private Trust Administration Course

An online based course, that runs for 1 hour every Tuesday evening at 7pm for 10 weeks.

All sessions will be recorded and uploaded on to the platform for revisiting and for those who are unable to make the live sessions.

Donate once and join every time the course is run (usually every 3-4 months)

Next Course Start Date: Tuesday 1st October 2024 (Run 11)

Suggested donation: £400 (Available on subscription)

No.SessionDescription
1An Introduction to Trusts Law
What are the two titles? The history of Trusts and Equity;
Beneficial Interest;
The three certainties;
Trust creation exercise;
Rights of the beneficiaries;
Properly constituted?
2The Comprehensive Declaration (Part 1) – The StructureGetting to know your Trust: Discretionary, Interest in Possession, Fixed;
Parties to the Trust deed;
Interpretations and definitions;
Certainty of intention;
Powers Reserved by the settlor;
Jurisdiction;
Perpetuity.
3The Comprehensive Declaration (Part 2) – Trustee Powers
Powers and duties of trustees: Statutory Provisions, STEP Provisions (Standard and Special).
4The Comprehensive Declaration (Part 3) – Clauses
Powers and duties of trustees continued: Lay Provisions; Termination of the Trust;
Appointment and removal of trustees.
5The Comprehensive Declaration (Part 4) – Clauses
Distribution qualification;
Appointment of beneficiaries;
Indemnity of trustees;
Expenses of the Trust;
Amendments to the trust declaration;
Affidavit; Memorandum of Trust;
Public notice.

6Administering your Trust (Part 1)
Executing your Trust;
Noticing your Trust;
Affidavits;
Memorandum of Trust;
Public notice;
Sub-trust declaration;
Trespass notice;
Asset administration;
Settlement receipt;
Sustenance record.
7Administering your Trust (Part 2)Invoice; Disposal certificate;
Asset listing;
Amendment confirmation;
Annual Reports;
Annual meeting;
Minutes;
Record of trust assets;
Trial balance/reports.
8Enforcement
Foundations of Equity;
How Trusts sit in Equity;
Maxims;
The right to enforce;
Evidence (NOI/SOI);
Rebutting claims.
9Case Precedents
Knight v Knight – The three certainties;
Milroy v Lord – Intent;
Paul v Constance – Intent;
IRC v Broadway Cottages – Beneficiary principle – complete list test; Downs v Chappell – Fiduciary duty;
Hunt v Luck – Notice;
Muir v City of Glasgow Bank – Trustee;
London Wine Shippers – Fungible goods;
Re Diggles – Precatory words;
Earl of Oxford – Equity vs Common Law.
10Final SummaryWhat is fiduciary responsibility? Fiduciary duties of trustees;
Duties of trustees – summary;
Administering your Trust – summary;
Doctrine of Notice;
Putting your car into Trust;
Avoiding SHAM Trust challenges;
Next steps.