ΠΕΡΙΓΡΑΦΗ

The programme will traverse the entire spectrum of trust fundamentals and terminology as well as placing a special focus on dissecting the duties, responsibilities, powers, and risks inherent in trust relationships. Drawing strength from the legal frameworks of Cyprus, participants will grasp the foundational principles of trust administration, exploring the nuances of the Cyprus legal stance on trusts. 

The course will allow participants to assess alternatives to trust structures, understand the tax landscape, anticipate potential legal and tax reforms, and gain practical insights into the current implementation of beneficial owners’ registries.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme, participants will:

• Understand the Concept of Trusts
• Analyse Risks, Duties, Powers, Liabilities, and Responsibilities of each of the parties
• Apprehend the Key Components of Trust Administration
• Analyse the Position of Cyprus Law and Discussing Reforms
• Discuss Taxation Position and Beneficial Ownership Registers

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This course is suitable for both beginners seeking a comprehensive introduction to trusts and experienced professionals looking to deepen their understanding and stay updated on legal developments and best practices. Moreover, the course on Trusts is tailored for a diverse audience of legal professionals, financial experts, trust administrators, and anyone involved in the management, administration, or legal aspects of trusts. It is ideal for:

• Legal Professionals
• Financial Advisors
• Trust Administrators
• Accountants and Tax Professionals
• Corporate Executives
• Compliance Officers
• Estate Planners
• Financial Analysts
• Government Officials
• Trustees and Protectors of trusts

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline 

Key Aspects of Trusts and Terminology

• Introduction to the terminology of trusts.
• Understanding legal and equitable estates and interests.
• Exploring express, statutory, resulting, and constructive trusts.
• Differentiating simple (bare) trusts and special trusts.
• Analysis of fixed and discretionary trusts.
• Overview of executed and executory trusts.
• Examining “donative” and “commercial” trusts.
• Identifying “illusory/sham” trusts.

Express Trusts

• Introduction and in-depth analysis of express trusts.
• Criteria for the validity of an express trust.
• Interpretation of executory trusts.
• Termination of trusts of property.

 Trusts Imposed by Law

• Understanding resulting trusts.
• Analysis of constructive trusts.

Administration of the Trust

• Acceptance of trusts by trustees.
• Estate of the trustee and trustee’s duties.
• Powers and responsibilities of the trustee.
• Powers of beneficiaries and protectors.
• Procedures for death, retirement, and removal of trustees.
• Appointment of trustees and the rights of trustees.
• Role and functions of the public trustee.

Breach of Trust

• Consequences of breach of trust.
• Liability of trustees and protective measures.
• Assessment of liability for third parties and beneficiaries.

Trusts in Cyprus

• Overview of Cyprus case law and legal practices.
• Proposals for legal reforms (if any).
• Alternative arrangements to trusts.
• Tax implications associated with trusts in Cyprus.
• Exploration of ultimate beneficial ownership registers and their relationship with trusts.

Training Style 

The The programme is meticulously crafted to impart advanced knowledge and profound insights into the intricacies of Trusts. It aims to elevate participants’ expertise through a dynamic course format featuring engaging PowerPoint presentations and real-world examples. The methodology seamlessly blends a focused approach, delivering content through presentations and real-life scenarios, with a learner-centric philosophy. Participants are actively encouraged to pose questions, seek clarifications, and contribute their unique perspectives. This creates an interactive forum for the exchange of ideas and personal professional experiences, fostering a dynamic learning environment.

CPD Recognition 

This programme may be approved for up to 7 CPD units in Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership. 

The Cyprus Bar Association (CyBAR) has confirmed that this programme is accredited for 7 CPD units.