Advanced Certificate in Trust Administration and Accounts

This is one of four Advanced Certificates that can be used to gain a STEP Diploma in International Trust Management. The Advanced Certificate is useful for professionals that work with fiduciary services providers, from senior client advisors to administrators, marketing and sales staff that need to understand the law and procedures involved in administration of trusts. This is particularly important because misunderstandings about day-to-day administration can jeopardise the validity of a trust. 

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What does this qualification cover and how is it delivered?

What does this qualification cover?

  • Introduction to the Law in Relation to Trust Bookkeeping and the Preparation of Periodic Trust Accounts
  • Introduction to Trustee's Record Keeping
  • Trust Accounts
  • Accounts of Offshore Asset-Holding Companies Underlying a Trust
  • Trust Management - Reserved Powers and "Sham"
  • Trustee Investment - Law and Practice
  • Managing Trust Assets I - Stocks, Shares and Other Securities
  • Managing Trust Assets II - Real Estate
  • Managing Trust Assets III - Movable Chattels
  • Managing Trust Assets IV - A Controlling Interest in the Settlor's Family Business Empire
  • Distributions - Law, Practice and Procedure
  • Variation and Termination of Trusts

You can see a more detailed syllabus here in the combined STEP Diploma in International Trust Management syllabus.

How is it delivered?

The Advanced Certificate is delivered through a blend of distance-learning and the final assessment is a 3-hour exam. In some jurisdictions a 4-day revision workshop is available immediately before the exam date. All students have access to online support resources.

What are the benefits to me and my employer?

How will this course benefit me?

Successful completion of this course will enhance your ability to:

  • read and prepare basic trust accounts
  • implement best practice in trust administration, protecting yourself and colleagues
  • discuss confidentiality requirements, in your own jurisdiction and as affected by the Foreign Account Tax Compliance Act (FATCA), OECD guidelines and Intergovernmental Agreements (IGAs)
  • fulfil your duties regarding overseeing investments in tangible and intangible assets

How will this benefit my employer?

The Advanced Certificate is designed to support employers by training practitioners to:

  • understand how trust accounts vary, for example if for a trust, or a trust with an underlying company
  • appreciate their duties in relation to record keeping and the consequences of poor administration
  • reduce the risk of trust challenges e.g. on the grounds of substantive sham
  • understand their duties in relation to trust investments

Entry advice and requirements

Who would find this qualification useful?

This Advanced Certificate and the Diploma that it is included in, is suitable for a wide range of practitioners. Past graduates have included members of the accountancy, banking, legal and trust professions (at all levels), company administrators, tax advisors and independent financial advisors. 

What are the entry requirements?

Admission depends on meeting the Entry Level requirements, outlined in the Qualifications and Membership Framework.

Further course details

How long will it take to complete

This Advanced Certificate takes six months to complete, from enrolling to sitting the examination.

How much will it cost?

The course fees for Advanced Certificates can be found on the CLTI website.

Where is it available?

This course is available worldwide, either online or face-to-face in some jurisdictions. For full details visit the CLTI website

What are the course dates?

For a full list of face-to-face courses, or the option to study online, please see the CLTI website

How do I apply?

Register online or download and return the enrolment form (PDF 136KB)

Help and advice

If you have any queries and would like to speak to someone you can either call CLTI on +44 (0)121 362 7733 or email pd@step.org