Publisher's Synopsis
This Second Edition by James Wadham expands by 40 per cent the analyses of the late Professor Willoughby of international trust cases which show how trustees and all concerned with trusts can be exposed if the arrangement is flawed. Placing assets in trust is now the world's most important investment technique. The value of these assets is almost beyond measure. The risk of failure by the trustees and others can be catastrophic. "Misplaced Trust" is a source of seeing where the hazards lie.;Trustee's personal liability is a constant risk when things go wrong. James Wadham clearly demonstrates the circumstance when this may happen and the remedies are clearly revealed.;As Lord Millett states in his Foreword orthodox books do not deal with trusts which break the rules. Misplaced Trust is unique in dealing with the practical issues not covered in traditional trust textbooks or practitioners' manuals.;Trust litigation is now international. Every modern trust jurisdiction has been searched for cases. Misplaced Trust second edition will become, like its predecessor, essential reading for trust administrators, trust lawyers and all concerned with trusts whether international or domestic.
