Bank of Valletta’s Research and Business Generation Unit is organising a seminar on trusts for accountants at the BoV Centre in Santa Venera on Tuesday between 3 and 5pm.

Trusts have are being increasingly used by businesses in a wide range of commercial and financial transactions. They belong to a developing area of law, are highly flexible and adaptable.

The Trusts and Trustees Act offers a number of advantages for businesses, ranging from securitisation of assets to corporate financing and syndicated loans. There are different types of trusts, such as life insurance trusts used to manage the proceeds of the insurance, as well as asset protection trusts.

Real estate trusts have advantages to offer when it comes to dividing property between co-owners. Trusts also help with the succession and continuity of family businesses.

“The bank is constantly coming up with products and services, some of which are quite technical and legal. This briefing session is one in a series the unit is organising to enable us to pass information to expert gatekeepers – lawyers, accountants, tax consultants – who are then in the best position to advise their clients,” BoV executive head for research and business generation unit Noel Scerri said.

The seminar is organised in collaboration with the Malta Institute of Accountants, which certified the course towards accountants’ lifelong learning accreditation requirements.

For information and booking, contact Sarah Sciberras on 2275 5909 or at sarah.sciberras@bov.com.

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