| Disc 1 |
|
Module 1 (14
minutes)
Exam technique |
Structure
of the Diploma exam | exam preparation | 6
rules golden rules in the exam |
Module
2 (8 minutes)
AF1 and the Advanced Diploma exam |
Structure of the Advanced Diploma exam
| J01 and J02 | tips on how to approach Advanced
Diploma exams |
Module 3 (30
minutes)
An introduction to trusts |
The structure
of trusts: settlor, trustees, trust property,
beneficiaries | the role of the trustee: Trustee
Act 1925 and Trustee Act 2000 | Saunders v
Vautier | introduction to the nine types of
trust covered by J02 |
| Disc 2 |
|
Module 4 (23 minutes)
Trust creation, rules and uses |
The four ways of creating a
trust | the three certainties | Perpetuities
and Accumulations Act 1964 | the ten most
common uses of trusts |
Module 5 (18 minutes)
Trust investment and administration |
Investment powers and duties:
Trustee Act 2000 | conversion and accumulation
| Variation of Trusts Act 1958 | charitable
trusts | offshore trusts |
| Module 6 (19 minutes) Power
of attorney |
Power of attorney
| enduring power of attorney | Court of Protection
| Mental Capacity Act 2005 | lasting power
of attorney | Office of the Public Guardian |
| Disc
3 |
|
|
Module 7 (22 minutes)
Wills and intestacy
|
The process and consequences
of dying testate and intestate | disclaimers
| deed of variation | challenging a will |
Module 8 (19 minutes)
Bankruptcy |
The basics of bankruptcy | Enterprise
Act 2002 | role of the trustee in bankruptcy
| priority for payments | prior transactions
| effect of insolvency on investments and
pensions | Individual Voluntary Agreements
| tax issues |
Module 9 (35 minutes)
The taxation of trusts |
Income tax: bare,
interest in possession, discretionary and
A&M trusts | trusts for the vulnerable | CGT:
bare, interest in possession, discretionary
and A&M trusts | Inheritance tax: bare, interest
in possession, discretionary and A&M trusts
| pre- and post-Budget 2006 | overseas trusts
| the administration of tax on death |
| Disc 4 |
|
Module 10 (36 minutes)
Trusts, life assurance and pensions |
Married Woman’s Property Act
1882 | non-statutory trusts | the tax position
of policies under trust | Pre-owned Assets
Tax | associated operations | main uses of
trust policies | trusts and pensions |
Module 11 (8 minutes)
Reviewing trusts |
Reasons to review, e.g. death,
illness | economic changes | legislative changes |
| Module 12 (17 minutes) Crammer
Module |
The summaries form the previous
modules |
