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

Abbreviation for Beneficiary, Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators. 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.

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.,

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.

Family Trusts is a step-by-step guide for anyone involved in family trusts: trust creators, trustees, beneficiaries, and advisors. It will help families create and administer a culture that recognizes trusts as a gift of love.
Marrying the practical and emotional aspects of family wealth, this book provides a hands-on primer that focuses on fostering positive relationships, and structuring the trust appropriately for the situation and the people involved. It tackles difficult topics with frank and honest discussion, from the first beneficiary meeting to working with addictions, and more. Written by a team of experts in family wealth, this information is becoming increasingly crucial to the successful execution of a trust; you'll learn what type of person makes the best trustee, how to be an excellent beneficiary, and the technical aspects that help you build a better trust from the very beginning.
There's been a staggering increase in trustee/beneficiary litigation and hostility, but that doesn't mean it's inevitable. Plenty of trusts are running smoothly, with positive experiences on all sides. This book shows you how to set up your trust to succeed from the start, with step-by-step guidance and expert insight.

• Express clear and thoughtful intent for the trust
• Create a healthy and supportive culture
• Select the right trustee, trust protector, and trust advisor
• Take the time to prepare before initially meeting the beneficiary
• Conduct a productive first meeting to set a tone for the relationship

Historically, there has been little consideration given to the culture of trusts, and this oversight may be a key driver of the behavior that's becoming more prevalent. Family Trusts explores the nature of these relationships, and shows you how to build a trust that retains the nature and spirit with which it was intended.

Product Details :

• Series: Bloomberg
• Hardcover: 320 pages
• Publisher: Wiley; 1 edition (October 5, 2015)
• Language: English
• ISBN-10: 1119118263
• ISBN-13: 978-1119118268
• Product Dimensions: 5.8 x 1.1 x 8.8 inches

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