Trusts A Practical Guide
Author: Terence O'Halloran
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 O'Halloran 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.
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
“I believe,’ Trusts’ is a practical tool for the professional’s everyday use and a good guide for the layman.”
Here is a man with a healthy respect for authority but an overarching dislike for injustice.
Terry OÃ¢â‚¬â„¢Halloran was co-author of a major report in 1977, which took him, through
the National Federation of Self Employed and the injustice of the class IV National
Insurance tax on the self-employed, to the courts in Strasbourg. He won his cause against
the British government. The class 4 levy was reduced from 8% to 5%.<br/> <br>This was the man in
1994 who took on the ConsumersÃ¢â‚¬â„¢ Association at his own cost in order to prove that injustice
often emanated from those endeavouring to do most good. <br><br>Terry OÃ¢â‚¬â„¢Halloran honed his
public speaking and debating skills in Junior Chamber but put them to good use in a large number of
organisations speaking around the world on a variety of topics usually linked to his core profession of
financial planning; but often moving out into transport and safety issues and latterly the unacceptable
price of overbearing regulation. He is a Professional Speakers Association chapter president.
<br><br>Terry is a writer who speaks. A prolific author of technical works on trusts, pensions, life
assurance and investments but he also sallies forth into areas of general interest producing a Squadron
history, for 31 Squadron, for which he has a passion as an ex-Air Force Engineer, and delving into some
of the more devious antics of politicians, regulators and civil servants, as well as castigating the media for
their complicity, in his book Ã¢â‚¬Å“If Only Politicians Had BrainsÃ¢â‚¬Â . Statistics are his staple
diet .<br><br>Described by some as a loose canon and others as an Exocet, here is an individual that
finds his mark more often than not, through dogged persistence and working against the odds. When
others were denigrating endowments, Terry was defending them. History has proved him right. When the
great pension debate and the mis-selling scandal came to the fore in 1994, here was the man with his