'Trusts' A Practical Guide (eBook)

Within the genre of financial selfhelp, 'Trusts A Practical Guide' is an invaluable and rare resource for financial experts and members of the public alike who need a reference work on a subject that is, on the face of it, complex but which undeniably affects many people's lives at one point or another. Whatever your occupation or background, you are almost certain at some time to need some understanding of this subject, whether in your own financial planning or in advising those around you - and this guide is particularly helpful when dealing with a relative's probate or the complex issues arising from an inheritance.After thirtyfive years at the top of his profession, FSA member Terry O'Halloran writes passionately and informatively, not only about his subject but also about the importance of spreading the word to others. He has seen many times first hand the benefits of wellorganized and implemented financial planning on people's lives. More poignantly, he has seen what can happen when such matters are left to chance.Using famous historical characters, placing them in recognizable situations and using real life case histories, he explains the organization and procedure of Trusts simply and easily bringing his subject alive by putting it in a perspective that is easily assimilated by the layman. Terry O'Halloran clearly explains the intricacies of Trusts and confronts their realities with reallife examples such as a family case involving a number of exwives, a business partnership that goes very expensively wrong and even the attempted murder of a director and removal of the wouldbe assassin (as a Trustee). Building the full picture from simple steps, the author explains the merits or otherwise of trusts and their uses with life assurance and pension products. 'Trusts are the most important adjunct to life assurance, business protection, estate planning and pension provision. A basic understanding is essential,' he insists.

Writer of a number of books about the financial sector as well as the notorious 'If Only Politicians Had Brains'. He was President of the Lincoln Chamber of Commerce, National Pension spokesman for the Federation of Small Business 19742005, and has worked for thirtyfive years at the highest levels within financial services while dealing with people and their problems on a daily basis. Coauthor of a major report in 1977 for the National Federation of the Self Employed regarding the injustice of the Class IV National Insurance tax on the selfemployed, which resulted in winning a case in the court in Strasbourg against the UK government along with a successful case against the Consumers' Association for inaccurate commentary. 'Preserving businesses per se and their assets while making proper provision for families and coowners is a very rewarding occupation when handled effectively. And it is part of the aim of this book to give people practical and informed opinion backed by reallife examples.' The author has also served on the executive of the Life Insurance Association, ultimately becoming its Vice President. In addition, he has worked as a tutor, mentor, and examiner in the Chartered Insurance Institute, Institute of Financial Planning and the Life Insurance Association. He also works with 'Young Enterprise' as an adviser and judge to youngsters running their own businesses. Terence has worked with the Department of Work and Pensions, the SBS and the Cabinet Office on a variety of matters, as a member of the Federation of Small Businesses Policy and Taxation Committee. Terence P.O'Halloran FCII, B.Sc. (Bus. Admin). Chartered Financial Planner: 'We must help each other whilst we are here.'

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Within the genre of financial self-help, 'Trusts A Practical Guide' is an invaluable and rare resource for financial experts and members of the public alike who need a reference work on a subject that is, on the face of it, complex but which undeniably affects many people's lives at one point or another. Whatever your occupation or background, you are almost certain at some time to need some understanding of this subject, whether in your own financial planning or in advising those around you - and this guide is particularly helpful when dealing with a relative's probate or the complex issues arising from an inheritance.After thirty-five years at the top of his profession, FSA member Terry O'Halloran writes passionately and informatively, not only about his subject but also about the importance of spreading the word to others. He has seen many times first hand the benefits of well-organized and implemented financial planning on people's lives. More poignantly, he has seen what can happen when such matters are left to chance.Using famous historical characters, placing them in recognizable situations and using real life case histories, he explains the organization and procedure of Trusts simply and easily bringing his subject alive by putting it in a perspective that is easily assimilated by the layman. Terry O'Halloran clearly explains the intricacies of Trusts and confronts their realities with real-life examples such as a family case involving a number of ex-wives, a business partnership that goes very expensively wrong and even the attempted murder of a director and removal of the would-be assassin (as a Trustee). Building the full picture from simple steps, the author explains the merits or otherwise of trusts and their uses with life assurance and pension products. "e;Trusts are the most important adjunct to life assurance, business protection, estate planning and pension provision. A basic understanding is essential,"e; he insists. After searching in vain for a book for his own use, the need for a reference book on this subject was clear. "e;I needed a reference book that I could refer to during the working day but which would also be simple enough for any of my clients to understand. So I wrote one - in fact I had to write it because there was simply nothing suitable in existence. Moreover, I use it all the time. My own copies are dog-eared from use. "e;I believe,' Trusts' is a practical tool for the professional's everyday use and a good guide for the layman."e;"e;