This course explains the duties and responsibilities of trustees when managing trusts. It covers legal obligations, fiduciary responsibilities and the governance of trusts.
Topics Covered:
This course is specifically tailored for:
Newly Appointed Trustees: Individuals who have recently been appointed to a family, business, or community trust and need to understand their legal "fiduciary" duties.
Professional Trustees: Attorneys, accountants, or financial advisors who act as independent trustees and want to ensure they are current with governance best practices.
Trust Founders (Settlors): Individuals looking to set up a trust who want to understand exactly what they are asking of their appointed trustees.
Beneficiaries: Those who benefit from a trust and want to understand the standards of conduct and accountability they should expect from their trustees.
Estate Planners and Legal Clerks: Staff members at legal firms who assist in trust administration and need to understand the compliance framework.
English literacy is critical for identifying, documenting, and verifying beneficial ownership in accordance with legal and regulatory standards. This foundational skill enables learners to interpret complex ownership structures, engage with compliance procedures, and fulfil due diligence responsibilities effectively.