Before you set up a trust, or even if you have already done so, it is critical that you understand the jargon and responsibilities of trusts and trustees, to ensure that any trust operates as intended to protect the wealth of your family. This book provides necessary information that could save you thousands of dollars (not to mention the stress) in helping to avert potential challenge by beneficiaries or the Inland Revenue Department.

Every page highlights another caution for the unwary as to what could potentially be their own financial can of worms should their trust ever be challenged.

Mark Maxwell has developed an educational approach designed to share his wealth of knowledge about an area that is continuing to grow rapidly in this country and in his opinion needs to become highly specialised by professional advisors.

Read this book if you are:

*Reviewing an existing trust
*Considering wealth protection and creation strategies for your family
*Asked to act as a trustee for someone else's trust


Review comments:
In my view, the majority of trusts in New Zealand are so badly managed that they risk being overturned and will not therefore afford the protection for which they were intended. Mark Maxwell's book provides not only the necessary warning to Trustees but also provides help to trustees so that they manage their trusts properly. This is a welcome addition to the literature on trusts. Martin Hawes, New Zealand's best selling financial author

Trusts A Kiwi Sham? is essential reading for anyone with an interest in the private trust, for those with initial thoughts of forming a trust, right through to our practitioners.
Through my position in the trust sector I have the pleasure of reading a variety of publications on why trusts are formed, how they should be created and more importantly how trusts should be managed. This book provides an uncluttered description of a trusts genesis and management. Errol Anderson, Executive Officer, New Zealand Trustees Association