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 OHalloran 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 OHalloran 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. “Trusts are the most important adjunct to life assurance, business protection, estate planning and pension provision. A basic understanding is essential,” he insists. After searching in vain for a book for his own use, the need for a reference book on this subject was clear. “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. “I believe,’ Trusts’ is a practical tool for the professional’s everyday use and a good guide for the layman.”