Date of publication: 2017-09-03 20:03
Identify any problems that may arise in drafting the wills to give effect to their wishes and critically evaluate the possible solutions to those problems including the advantages and disadvantages of mutual wills and the practicalities of drafting them.
57: Give an analysis of the issues that trustees should consider in the selection of an investment strategy and the appointment of an investment advisor.
56: You have been requested to advise a prospective client on the setting up of an appropriate structure for the achievement of charitable objectives using a Mauritius Trust or Foundation. Please advise the client with a comparative analysis between the Foundation as a Civil law preferred structure or the traditional trust structure originated from Common law jurisdiction and which one you think is the best.
57: Examine the extent to which it is possible to create trusts for charitable and non-charitable purposes in the BVI and any particular issues which should be addressed when setting up non-charitable purpose trusts.
56: Discuss what steps you would advise trustees to take on the creation of a trust as regards the identification of the settlor, beneficiaries and source of funds. Detail what documentation should be obtained and retained.
Please Note : New topics are issued each year and of the four topic areas a maximum of one question from each topic area can be chosen. Topics chosen must be submitted to STEP using the Qualified Practitioner topic registration forms below.
57: What impact is the Supreme Court decision in Prest v Petrodel Resources Ltd likely to have on the use of corporate structures to hold what are in reality personal assets? What guidance can be offered to Trustees following the Supreme Court decision?
57: Write an article assessing (i) the potential uses, (ii) pros and cons, and (iii) impact on the Financial Services Industry of The Bahamas Investment Condominium (ICON).
Essay writing is a tool to test MBA aspirant on assessing overall communication and personality so it is also equally important and crucial component of MBA selection process.
56: ‘In what circumstances may a BVI company now act as a trustee or protector of a BVI or a non-BVI trust without requiring a licence under the Banks and Trust Companies Act 6995 and why is the BVI now-regarded as a domicile of choice in which to establish a private trust company?’