Wills, Trusts & Estates Prof Blog

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

Wednesday, April 12, 2017

Article on the Harms of Trusts to Society

Harmful trustAndres Knobel recently published an Article entitled, Trusts: Weapons of Mass Injustice? (2017). Provided below is an abstract of the Article:

This paper seeks to start a debate on the harms that trusts can inflict on societies (e.g. money laundering, corruption and tax evasion risks, potential to defraud creditors, avoid taxes, etc.), and what can be done about this. The paper takes a global perspective on the risks of secrecy, asset protection and a race to the bottom on trust regulation, and proposes global and local solutions. The paper does not address the purely internal relationships between parties to a trust (such as settlors, trustees and beneficiaries), but focuses on trusts’ impact on wider society.

https://lawprofessors.typepad.com/trusts_estates_prof/2017/04/article-on-the-harms-of-trusts-to-society.html

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