Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators (Bloomberg) 1st Edition

There are very few books that can be found that explain the trustee beneficiary relationship in terms that can be easily followed by readers who are not lawyers or otherwise involved as professionals in the trust industry. This is one of the few and that fact alone will make this a special and popular book. In theory it is often said that trusts are a relationship but what does that mean and how do you ensure that it is a good relationship? You could almost go as far as saying that Family Trusts, a Guide is a "relationship tool book" that aims to point the way to good relationships in the trust context and provides very practical actionable exercises and approaches. Because of this I actually see this as also being a book about the topic of family governance, because the relationship tools that it provides can be used in other situations where family members have to work with each other. Another area where the book is very up to date with international trusts practice is that it does talk in detail about the protector role and has useful suggestions on how to think about protectors. The discussion of the distribution function in trusts is new and innovative. I recommend the book to international readers who are involved in the structuring, & administration of trusts, as well as for trust settlors, beneficiaries and protectors, and of course trustees and trust officers.

While I’m not sure this is the first book to read, this is a must for the top 3 books when establishing a family trust and a legacy. I feel like I have three couches in a journey that will make a lasting impact for future generations. I can’t wait to implement the topics and systems discussed in this book.

Outstanding book-extremely well thought out and important to read before finalizing the documents for your trust. Unfortunately I have known several people who have been greatly harmed by the structure of their trust. It is very important to consider how your trust can benefit and how it can harm those you are trying to help. This book does an excellent job of presenting a number of important points to help all involved with a family trust now and in the future.

Interesting reading for the family that has significant enough assets to protect and a family trust might be required because: 1. the adult heir(s) do not have the education or financial or management skills to run the business or protect the assets; 2. An older adult heir has a diminished mental or physical condition that would allow them to be easily taken advantage of and potentially lose the inheritance if not protected and if a conservator is not desired; or, 3. The heir(s) are minor children and it is not deemed suitable for their guardian(s) to manage their assets..

A must read for anyone navigating family relationships and estate planning. A must read for everyone at some time in life.Excellent! Outstanding! Highly recommended.

This is a very helpful book with many helpful tips on setting-up family trusts...thank you.

Another great book. Every family should have their own government.

Good read raises a lot of interpersonal issues that one would not have thought of