Technical Pack: How To Clarify The Tough Principles In Regulation & Compliance In Trust Administration

£60.00 + VAT

This is a substantial information pack produced by Gill Steel, Owner/Director, LawSkills Ltd
Premier trainer in Wills, Probate, Trusts, Tax & Elderly Client

SRA Competence A2 

51-Page PDF Document

Digest Member Price £50.00 (+ VAT)

The purpose of this technical guidance is to explore the regulatory and compliance framework affecting trusts with reference to examples for practitioners to confirm their understanding.

It will be useful for all kinds of practitioners, including:

  • Beginners learning the ropes and needing some tools to get started;
  • Individual users undertaking self-study either as research for a client matter or as part of their personal development;
  • Team leaders who are keen to ensure their own internal manuals and practice workflow is up to date;
  • Learning management system managers who need to update materials for use in their organisation.

It will help practitioners gain understanding and confidence when working with the administration of a Trust.

Contents

  • Current requirements of the Trust Registration Service
  • Automatic Exchange of Information initiatives
  • Foreign Account Tax Compliance Act (FATCA)
    • Terminology
    • File review – checklist
    • Approach to reporting
    • Difference of approach where Trust Corporation compared to individual trustees
  • Common Reporting Standard
    • Differences in terminology to FATCA
    • When does it apply rather than FATCA
    • Approach to reporting
    • Difference of approach where Trust Corporation compared to individual trustees
  • EU DAC 6
  • Legal Entity Identifier
  • General Data Protection Regulation – as it applies to Executors and Trustees
  • Flowchart & Forms
  • Case study