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

"The Anglo-American trust is an ancient principles-based regime that will survive into the 21st century only so long as it is administered by persons of principle. As a practical matter, what does that mean? Family Trusts does an admirable job of answering that question, and in prose that will be readily understandable not only to the trust professional but also to the family member new to the 'trustscape.'"

—CHARLES E. ROUNDS, Jr., Professor of Law, Suffolk University Law School, and co-author of Loring and Rounds: A Trustee's Handbook

Is Your Trust a Gift of Love?

Family Trusts provides a hands-on primer aimed at fostering positive relationships and structuring trusts for the wide variety of unique situations and people involved. This is a practical, step-by-step guide for anyone who wants to develop independent beneficiaries rather than "trust-fund babies."

Family Trusts tackles difficult topics head on, from the first beneficiary meeting, to dealing with beneficiaries with addictions, to managing trusts within the context of blended families, and more. Written by a team of experts in family wealth, this timely treatment shows you how to avoid the pitfalls of trusts that can tear families apart by:

• Carefully considering what type of person or institution would make the best trustee for your family
• Detailing steps to educate beneficiaries about their responsibilities
• Proposing specific mechanisms and structures that can help your family manage its trusts most effectively

Pass on wealth in a way that enriches the lives of beneficiaries with Family Trusts.