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

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..

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.

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

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.

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

What a blessing I finally found this book for beneficiaries. It answered a lot of my questions, but not all. Very easy to read, could get through it in one day if I wanted to.,

Thank you

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

Being an attorney working with a very interesting Family I really think this view could be very helpful to create a Family Trust that might work over the years, regardless the type of persons the potential beneficiaries are, as long as it considers the "person" meaning the beneficiary in all dimensions rather than just thinking the legal and tax implications to be considered while forming the "figure" of the Family Trust, and helps the settlor to make more "complete" decisions.