Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, May 31, 2012

"The Trust" -- The novel to be released July 17, 2012

The_TrustOn July 17, 2012, Norb Vonnegut's newest financial thriller, The Trust, will be released.

Here is some information about this book from the publisher:

Norb Vonnegut (cousin of the late Kurt Vonnegut) is a former Wall Street insider and master of financial intrigue. The author of 'Top Producer' and 'The Gods of Greenwich', Norb has combined his wealth management expertise and intuitive, darkly humorous writing into a fast-talking, suspense thriller that burrows inside the world of big-money philanthropy and reveals how financial criminals hide behind the First Amendment. Who would have known that charitable donations could be so deadly?

One sultry morning in Charleston, South Carolina, real estate magnate Palmer Kincaid's body washes ashore, the apparent victim of accidental drowning. Palmer's daughter calls Grove O'Rourke, stockbroker and hero of Top Producer, for help getting her family's affairs in order. Palmer was Grove's mentor and client, the guy who opened doors to a world beyond Charleston. Grove steps in as the interim head of the Palmetto Foundation, an organization Palmer created to encourage philanthropy.

Community foundations, like the Palmetto Foundation, are conduits.

Philanthropists gift money to them and propose the ultimate beneficiaries. But in exchange for miscellaneous benefits-anonymity, investment services, and favorable tax treatment-donors lose absolute control. Once funds arrive, community foundations can do whatever they decide.

 For years Palmer showed great sensitivity to his donors, honoring their wishes to funnel funds into the charities of their choice-his unspoken pledge-and it was this largesse which made him a respected pillar of the Charleston community. But after Grove authorizes a $25 million transfer requested by a priest from the Catholic Fund, he discovers something is terribly wrong. He gets a call from Biscuit Hughes, a lawyer representing the people of Fayetteville, North Carolina, against a new sex superstore in their town. Biscuit has traced the store's funding to a most unlikely source: the Catholic Fund.

Together, Grove and Biscuit launch an investigation into the fund, but the deeper they dig, the more evidence they find that the fund's money isn't being used to support the impoverished-it's going somewhere much more sinister. When someone close to him disappears and the FBI starts breathing down his neck, Grove knows he has to figure out who's pulling all the strings before the shadowy figure who will stop at nothing to keep the fund a secret gets to him.


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Cant wait to read this. We in our small private trust company here in Mississippi have often quipped that we should collaborate on a book with the same title. No fiction can compete with the true life dramas that are played out on our stage.

Posted by: David Russell | Jun 1, 2012 4:43:44 AM

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