The Complete Book of Trusts

The book provides sufficient detail of a number of trusts and does so in a very readable manner. That is, the text is clear and well written. Although the book is an overview of trusts, it does a good job of providing sufficient detail of each trust discussed so as to be useful rather than being just a recognition that certain trusts exist. For instance, it details differences between simple and complex trusts without getting overly technical or legal, but provides enough information so one could make such a determination. The book discusses transferring assets to a trust, Grantor's and Fiduciary's rights and powers, Distributions, Tax Consequences of Trusts, explanations of different types of Trusts, and Trust termination.

Martin Shenkman has written an excellent primer on trusts. He helps the reader understand which assets should be transferred to a trust, what the legalities are, the limitations of trusts, and most importantly, how structuring trusts effectively can assist with saving taxes and assuring your family is taken care of in the manner you desire. Be advised, this is not a book that will help you write your own trusts. Shenkeman is clear that effective planning really requires coordination among the financial professionals that you trust--your attorney, CPA, financial planner, insurance broker etc. However, if you are thinking about setting up trusts and you read this book, you will be positioned to have an intelligent and productive conversation with your financial team members. You will be part of your team, part of the decision making process, and not a passive bystander to the planning that affects your life and the life of those you love. I would also say that The Complete Book of Trusts, is a great book for any professional who is working in this area. His observations, insights and specific analysis make his book an excellent reference tool. It is definitely a book for your library. James Lange, CPA/Attorney and author of Retire Secure! Pay Taxes Later: The Key to Making Your Money Last as Long as You Do

The Cmplete Book of Trusts is an excellent reference for general knowledge about a very cmplex subject! I highly recommend this book to anyone with a need to know. This author has managed to take the "legal" language and break it down into understandable English!