Investing and Managing Trusts Under the New Prudent Investor Rule: A Guide for T

商家名称	信用等级	购买信息	订购本书
		Investing and Managing Trusts Under the New Prudent Investor Rule: A Guide for T
		Investing and Managing Trusts Under the New Prudent Investor Rule: A Guide for T

基本信息·出版社：Harvard Business Press
·页码：282 页
·出版日期：1999年08月
·ISBN：0875848613
·International Standard Book Number：0875848613
·条形码：9780875848617
·EAN：9780875848617
·装帧：精装
·正文语种：英语

内容简介 在线阅读本书

In the next few years, the world's senior generation will pass on some ten trillion dollars--more than the value of all the companies listed on today's stock exchange--to their heirs. Much of this unprecedented transfer of wealth will take the form of trusts. But the old Prudent Man Rule that trustees have followed for generations has been scrapped, and the new Prudent Investor Rule, which now applies in most states, drastically changes the way trusts must be operated. Trustees cannot hope to learn "on the job": today's investment principles and portfolio management techniques are too demanding. With Investing and Managing Trusts under the New Prudent Investor Rule, Train and Melfe show trustees how to manage trusts according to this important new Rule.

Many current and future trustees are unfamiliar with the far-reaching provisions of the new Prudent Investor Rule, which should soon govern trust investing in all fifty states. Investing and Managing Trusts under the New Prudent Investor Rule explains the investment and administrative obligations--as well as the new liberties--imposed by this stringent Rule.

John Train, an authority on building wealth, brings his deep knowledge and dry wit to this thorough guide, in collaboration with Thomas Melfe, eminent New York trusts and estates attorney. Train and Melfe also highlight the various forms of trusts and the major suitable and unsuitable types of investments, so that family trustees, as well as readers in the investment and trust business, law, and financial planning can understand the key strategic and managerial considerations.

This practical, straightforward guide--the first comprehensive discussion of the new Prudent Investor Rule for private trustees-comes complete with useful sample forms, management guidelines, checklists, and a glossary. It is an essential reference for all professional and family trustees as well as their legal and financial advisors.
作者简介 John Train founded Train, Smith investment counsel in New York. He is a regular columnist for the Financial Times, and author of The Money Masters, The New Money Masters, and The Craft of Investing. Thomas A. Melfe is senior counsel at Piper & Marbury LLP and on the editorial board of Estate Planning magazine. He is a former executive and director of the United States Trust Company of New York.
媒体推荐 An essential reference for all professionals and family trustees as well as their legal and financial advisors. -- Estate Planning Magazine

Contains specific chapters for lawyers, investment managers, and trustee/directors of tax-exempt entities, and should be of particular interest to financial planners and stockbrokers. -- Journal of Financial Service Professionals

Investing and Managing Trusts is clearly written and packed with useful information. It is a timely handbook. -- Philanthropyroundtable.org
专业书评 From the Back Cover

"A clear, understandable, and thought-provoking guide to an emerging and important new approach to investing and managing trusts."
-John F. King, President, Brown Brothers Harriman Trust Company

"As a former probate judge who rendered leading national decisions on Trust Prudent Man Rule issues, I commend Train and Melfe for this astonishingly clear and instructive guide. Every private trustee, investment manager, broker, lawyer, and financial planner must read this book if they are to meet their responsibilities under the new Prudent Investor Rule."
-Honorable Millard L. Midonick, Retired Surrogate, New York County Surrogates Court

"This book is not only a clear and concise guide to trust investment and management under the new Prudent Investor Rule, but it also provides an excellent introduction to trusts as investment and wealth management tools. The several appendices, which reflect the authors' extensive experience, will be invaluable aids to the novice and expert alike." -Jim Huffman, Dean and Professor of Law, Lewis and Clark Law School

"We are about to witness the greatest transfer of wealth in history--from the older generation to the younger generation. The dollars will be in the trillions, and for the tens of thousands of new trustees, this book is an up-to-date, clear, and very friendly guide to managing and investing those dollars under the new Prudent Investor Rule."
-Adam Smith, Author, The Money Game, and Chairman, Adam Smith Global Television

"This book will be an indispensable tool for anyone who suddenly (or not) wakes up to find himself trustee of a family trust. Even for the experienced lawyer or investment manager advising in the creation of trusts or managing trust assets, Train and Melfe provide not only an invaluable checklist, but an essential corrective for the serious misconceptions that abound in the realm of trust management. Well-organized and surprisingly readable, Investing and Managing Trusts under the New Prudent Investor Rule will move the world of trusts from the arcane to the commonplace, where it belongs."
-John Temple Swing, Lawyer, and President Emeritus, Foreign Policy Association

查看更多 下一篇