Our J0 examination Revision e-Workbooks are designed to be affordable solutions to Advisers and other financial services professionals to help them pass their Level 4 exams.

At the end of this unit, candidates should be able to demonstrate an understanding of the:

• the structure of a trust and the role of the settlor, trustees and beneficiaries;

• how trusts are created, the rules that govern them and their main uses;

• the rules covering the investment of trust assets and the administration of trusts;

• substituted decision making, the impact of loss of mental capacity and related procedures;

• the consequences of making a will and of dying intestate;

• the bankruptcy rules and the role of the trustee in bankruptcy;

• how trusts are subject to tax and how a liability can fall to the settlor, trustees or beneficiaries;

• how life assurance policies and certain pension benefits can be placed in trust and the tax and other implications;

• the need to review trusts regularly.