INTRODUCTION TO PRIVATE TRUSTS

Date: 2022 Course dates to be announced soon. 

Time: 5:15pm – 7:15pm

Venue: Cayman Islands Chamber of Commerce, Governor’s Square, West Bay Road

Members: KYD $600.00 (USD $731.71) Non-Members: KYD $700.00 (USD $853.66)

Our Introduction to Trusts course is a thirteen week programme offered once annually. Two hour sessions are held once weekly. It is designed to provide a basic understanding of trusts and is suited to new trust company employees and persons contemplating a career in trusts.

The course will cover:

• Overview of the Trust Industry
• What is a Trust
• Uses of Trusts (How and Why)
• The Three Certainties
• Types of Trusts & Their Individual Uses
• Documentation
• The Trust Deed
• Perpetuity Periods
• Anti Terrorism (CFT)
• Duties of a Trustee
• Breach of Trust
• Conflict of Interest
• Duty to Account
• Investing Trust Assets
• Types of Investments
• What is a Company
• Director’s Duties
• Offshore Jurisdictions
• Tax Implications
• Confidentiality
• The Trust Industry in Other Jurisdictions
• Revision/Open Floor
• Exam