Back to Basics Trusts - Principles and Definitions

Trusts may have an important role to play in tax planning but many advisors are wary of them because they don't understand what trusts are and how they work. In this course, we will explain the key elements of a trust and outline the role they can play for clients.

This course will cover:

• What is a trust?
• Settlor
• Trustees- powers and duties
• Beneficiaries including rights
• Trust fund
• Uses of trusts including practical issues
• Specific types of trust
• Trust Registration Service

The above content relates to 2023 only.