THE BAHAMAS INSTITUTEOF FINANCIAL SERVICES

This introductory course is specifically designed to assist trust practitioners and financial services professionals in developing in-depth knowledge and understanding of trust law and administration for Bahamian trusts and trusts generally. The course is structured to provide participants with practical insight and analysis of trust concepts and case studies involving simple and complex issues in the administration of trusts.

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Course Objectives
Upon completion of the course, participants should be able and are expected to:

1. Demonstrate comprehensive, practical knowledge and understanding of trust law and administration.

2. Apply trust law and concepts to practical issues in the administration of Bahamian trusts.

3. Gain fundamental knowledge of Bahamian trust legislation and applicable case law.

4. Critically assess, analyze, and address the legal and practical issues involved in trust administration.

5. Effectively communicate their knowledge and understanding of trust law and administration and recommend solutions to complex trust issues.

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Course Syllabus

1. Introduction

2. Basic Trust Concepts

3. Parties to a Trust

4. Classification of Trusts

5. Validity of Trusts

6. Appointment of Trustees

7. Duties and Powers Trustees

8. Trustee Remuneration

9. Retirement and Removal of Trustees

10. The Role and Responsibilities of the Trust Administrator

11. General Principles of Trust Accounting

12. Trust Investments

13. Beneficiaries

14. Breach of Trust

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Course Assessment
Participants in the course will be assessed by a three-hour examination. The passing mark for the examination is 70%. 

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• Duration: 11 Weeks

• Days: Saturdays

• Time: 9:30 p.m. - 12:00 p.m.

• Learning Platform: Zoom

• Fee: $1,600 (members) and $1, 800 (non-members) + Registration $50.00

• Payment Plans are available