Mar 1, 2007 12:00 PM

Know Your Stuff

As the change in the mobility of clients and their assets over the past 30, even 20 years is truly astounding. While it once was unusual for the average estate planner to have clients with different citizenships and foreign assets, it is now almost commonplace. Nevertheless, many advisors still restrict their focus on domestic trusts and related planning matters. They seem daunted by the prospect of understanding how and whether the use of trusts might be appropriate in foreign jurisdictions. For such novices and experts alike, help is now available. Trusts in Prime Jurisdictions, edited by Alon Kaplan and Barbara Hauser and published in 2006 by Globe Business Publishing of London, offers a professional overview of foreign trusts in key parts of the world.

The book is a compilation of well-written contributions by experienced professionals from the numerous jurisdictions involved, ably edited by Kaplan and Hauser, both experienced and highly reputed professionals in international trusts and estate planning. Virtually all of the major international jurisdictions are explored — 20 in total — including England, the British Virgin Islands, the Cayman Islands, Gibraltar, Liechtenstein, Switzerland, the United States, India and Japan.

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