Family Trust Planning Guide

Professional planners often find themselves serving clients who are interested in setting aside their money, property and investments for family members, friends and other individuals they want to help -- their beneficiaries. These clients often want funds set aside to be managed according to specific parameters or "rules" with special protections. Trusts are often established to accomplish these objectives and work with other parts of the financial and estate plan. All professional advisers involved with tax planning, financial planning and estate planning need to understand the basic types of trusts and how they work. CCH's Family Trust Planning Guide explains all aspects of trusts that need to be understood by tax, financial and estate planning advisers in practical, easy-to-understand terms. Written by attorney Charles M. Aulino, who has helped train planners for decades, the book is designed to help the financial consultant gain the knowledge and skills needed to analyze client goals and circumstances, and bring together the right planning strategies using the most appropriate trust designs. The Guide describes how trusts can shield assets and save taxes, and serve other very practical uses. It exposes readers to the terminology of those who draft trusts and specialize in trust administration. Property ownership, probate, basic trust distinctions, trust management, designing beneficiary interests, trust strategies and much more are all thoroughly examined. Practical sample case studies presented in the final chapter of the book demonstrate how trusts can be used successfully in real-life client situations. Clearly written and full of examples, Family Trust Planning Guide is organized and crafted to provide a progression of information that leads the reader to a much better, practical understanding of trusts in the professional planning setting.