Dr. Priscilla Mifsud Parker is scheduled to conduct a course titled "Understanding Trusts" in collaboration with the Malta Stock Exchange Institute on the 5th and 6th of February 2024
Understanding Trusts
Participants will acquire a comprehensive understanding of trusts as a legal arrangement established by one party, entrusting assets to another party known as the trustee for the benefit of the beneficiary. The course will delve into the complexities of trusts, elucidating the legal and tax implications associated with their establishment. Additionally, discussions will encompass the proper formulation of trust deeds and the articulation of trustee powers. Attendees will gain insights into the rationale behind the formation of trusts, including aspects such as asset protection and estate planning. Emphasis will be placed on the importance of trustee independence to preclude any insinuation that the settlor retains control over the trust assets.
Sample Topics covered:
- The setting up of trusts
- Probate and charitable giving
- Wealth legacy planning
- Maltese trust tax treatment
- The trustee, settlor, protector and beneficiary
- The trust deed
- Types of trusts
- Express trusts and implied trusts
- Constructive trusts
- The Maltese regulatory environment for trusts
- The minimisation of estate taxes
- Practical issues of trust creation Imposition of conditions on the distribution of assets following the settlor’s death
- Protection of assets from claims and creditors
- Drafting of trust deed
- Malta Trusts and Trustees Act
- The preservation of assets until minors reach majority age
About Dr Priscilla Mifsud Parker
Dr. Mifsud Parker leads the Families and Wealth practice group at Chetcuti Cauchi Advocates, specializing in trusts, estate planning, and the structuring of wealth and businesses for affluent and successful business families. Within the realm of structuring, her primary focus lies in crafting bespoke solutions for the optimization and safeguarding of high-value assets. Priscilla also oversees the Corporate and Trust Services division of the firm, responsible for establishing and administering the corporate structures tailored by the law firm for its clients. Her professional endeavours encompass guiding clients through the initiation of businesses, acquisitions, corporate restructurings, shareholder matters, and offering ongoing company law advice to entities under the firm's administration. Dr. Mifsud Parker holds a B.A. in Law and Theology, an LL.D. in Trusts Law, and an M.A. in Financial Services from the University of Malta.
The Malta Stock Exchange Institute
The Malta Stock Exchange Institute draws upon the wealth of expertise and experience accumulated over the Exchange's 25-year history, with a dedicated focus on augmenting financial education in Malta for both individual investors and industry practitioners. The Institute is set to conduct more than 35 short courses and seminars covering a spectrum of subjects. These encompass introductory courses and extend to specialized topics such as risk management, securitization, trusts, compliance and regulation, hedge fund strategies, and corporate governance, among others. The courses are structured to accommodate participants at beginner, intermediate, and advanced levels, recognizing the diverse levels of knowledge and financial literacy among the target audience.
Find out more about this course Here. Attendance is by registration please Click Here to register.
Dr. Priscilla Mifsud Parker is scheduled to conduct a course titled "Understanding Trusts" in collaboration with the Malta Stock Exchange Institute on the 5th and 6th of February 2024
Understanding Trusts
Participants will acquire a comprehensive understanding of trusts as a legal arrangement established by one party, entrusting assets to another party known as the trustee for the benefit of the beneficiary. The course will delve into the complexities of trusts, elucidating the legal and tax implications associated with their establishment. Additionally, discussions will encompass the proper formulation of trust deeds and the articulation of trustee powers. Attendees will gain insights into the rationale behind the formation of trusts, including aspects such as asset protection and estate planning. Emphasis will be placed on the importance of trustee independence to preclude any insinuation that the settlor retains control over the trust assets.
Sample Topics covered:
- The setting up of trusts
- Probate and charitable giving
- Wealth legacy planning
- Maltese trust tax treatment
- The trustee, settlor, protector and beneficiary
- The trust deed
- Types of trusts
- Express trusts and implied trusts
- Constructive trusts
- The Maltese regulatory environment for trusts
- The minimisation of estate taxes
- Practical issues of trust creation Imposition of conditions on the distribution of assets following the settlor’s death
- Protection of assets from claims and creditors
- Drafting of trust deed
- Malta Trusts and Trustees Act
- The preservation of assets until minors reach majority age
About Dr Priscilla Mifsud Parker
Dr. Mifsud Parker leads the Families and Wealth practice group at Chetcuti Cauchi Advocates, specializing in trusts, estate planning, and the structuring of wealth and businesses for affluent and successful business families. Within the realm of structuring, her primary focus lies in crafting bespoke solutions for the optimization and safeguarding of high-value assets. Priscilla also oversees the Corporate and Trust Services division of the firm, responsible for establishing and administering the corporate structures tailored by the law firm for its clients. Her professional endeavours encompass guiding clients through the initiation of businesses, acquisitions, corporate restructurings, shareholder matters, and offering ongoing company law advice to entities under the firm's administration. Dr. Mifsud Parker holds a B.A. in Law and Theology, an LL.D. in Trusts Law, and an M.A. in Financial Services from the University of Malta.
The Malta Stock Exchange Institute
The Malta Stock Exchange Institute draws upon the wealth of expertise and experience accumulated over the Exchange's 25-year history, with a dedicated focus on augmenting financial education in Malta for both individual investors and industry practitioners. The Institute is set to conduct more than 35 short courses and seminars covering a spectrum of subjects. These encompass introductory courses and extend to specialized topics such as risk management, securitization, trusts, compliance and regulation, hedge fund strategies, and corporate governance, among others. The courses are structured to accommodate participants at beginner, intermediate, and advanced levels, recognizing the diverse levels of knowledge and financial literacy among the target audience.
Find out more about this course Here. Attendance is by registration please Click Here to register.