Dr Priscilla Mifsud Parker will be conducting a double lecture titled “Understanding Trusts”, in partnership with the Malta Stock Exchange Institute, on the 17th and 18th of October 2023.
About the Course: Understanding Trusts
Students will learn how trusts are legal relationship created by one party and places assets under the control of another party referred to as the trustee for the benefit of the beneficiary. Participants will learn the intricacies of trusts, and the legal and tax ramification of their setup. There will also be discussions related to how to properly craft trust deeds and articulate the powers of trustees. Also students will learn why trusts are formed such as for the protection of assets or estate planning and why trustee independence helps avoid any suggestion that the settlor continues to have control of the trust assets.
Topics to be covered:
- Probate and charitable giving
- Types of trusts
- Imposition of conditions on the distribution of assets following the settlor’s death
- Wealth legacy planning
- Express trusts and implied trusts
- Protection of assets from claims and creditors
- Maltese trusts
- Constructive trusts
- Drafting of trust deed
- The trustee, settlor, protector and beneficiary
- The Maltese regulatory environment for trusts
- Malta Trusts and Trustees Act
- Types of trusts
- Practical issues of trust creation
About Dr Priscilla Mifsud Parker
Dr Mifsud Parker heads the Chetcuti Cauchi Advocates Families and Wealth practice group, and in this capacity specialises in trusts and estate planning, wealth and business structuring for high net worth and successful business families. In the structuring field her main specialty is tailor-made solutions for the optimisation and protection of high value assets. Priscilla also heads the Corporate and Trust Services arm of the firm which handles the setup and administration of the corporate structures designed by the law firm for clients. Her practice revolves around assisting clients in business start-up stage or with acquisitions, corporate restructurings, shareholder matters and providing day to-day company law advice to companies under the firm’s administration. She received a B.A. in Law and Theology, LL.D. Trusts Law and M.A. in Financial Services from the University of Malta.
The Malta Stock Exchange Institute
The Malta Stock Exchange Institute leverages on the expertise and experience gained throughout the Exchange’s 25 year history and is focused on enhancing financial education in Malta for individual investors as well as industry practitioners. The Institute will be running over 35 short courses and seminars on several subjects, ranging from introductory courses to more specialized subjects such as risk management, securitization, trusts, compliance and regulation, hedge fund strategies and corporate governance, to name a few. The courses are offered at the beginner, intermediate and advanced levels, since they are aimed at candidates with different levels of knowledge and financial literacy.