'Trusts' - A Practical Guide Pt Five

Auteurs: Terence P. O'Halloran

Points Nécessaires : 97

Description

Whether you are an accountant, an actuary, an adviser in financial services, or a lawyer - or even a business person advising the trustees of a pension scheme (perhaps looking after your own self-administered arrangement) - you need this series to understand the why, the how, the where, and the what of this topic.

What of those who are just being introduced to trusts? Trusts are an essential part of business and financial planning life. There is little in life assurance or pensions, let alone overall wealth-preservation planning, that the subject of trusts does not impinge on. But which trust? What type of trust? Should there be an interest in possession or not? An absolute trust or should there be discretion? Who should be the trustee? Are your parents older than you are? It is not such a silly question#sc the listener will unearth the reason for the answer.

Within the genre of self-help, "'Trusts' - A Practical Guide" is an invaluable and rare resource for both the financial expert and nay member of the public needing a reference work on a subject that is on the face of it complex. Undeniably affecting many peoples lives at one point or another. Dealing with the certainty that from whatever occupation or background you come from, at some point it is quite probable that within the context of financial planning, either for yourself or by others around you an understanding of this Financial system or framework may well be necessary. In addition, most definitely beneficial for example when dealing with the probate of a relative or inheritance.

After 35 years at the top of his profession FSA member Terry P. O'Halloran's writing is passionate about, not only his subject, but also about spreading the word to others. He has seen the effect that well organized and implemented financial planning can have to the good for peoples lives as well as the results sadly when otherwise.

Using famous historical characters, placing them in recognizable situations, and using real life case history he explains the organization and procedure of Trusts simply and in perspective, bringing his subject alive. His use of case studies also appeals to the need to clarify and explain the point since for most people colleagues friends business and personal situations this book will be valuable at some point in their lives.

Terry O'Halloran clearly explains the intricacies and confronts the realities of life examples include a family case with sequential wives#sc a business partnership that goes very expensively wrong#sc even an attempted murder of a director and removal of the would-be assassin (as a Trustee). Building the picture from simple steps the author explains the merits or otherwise of trusts and their uses with life assurance and pensions products.

After searching for a book for his own use the need for a reference book on this subject became very apparent the author says "I needed a reference book that I could refer to during the working day but would also be simple enough for any clients to understand. Therefore, I wrote one. I had to write it and I use it often. My copies are dog-eared from use. Self development rather than shelf development. (...) I believe is, practical, for everyday use for the professional and a good guide for the layman."