The trust

There third edition of the volume analyses the entire subject of the trust in a very thorough and timely manner, without sacrificing extreme clarity and completeness. The volume is updated with Legislative Decree no. 139/2024 (so-called Tax reform ).

The legislator, within the scope of the reform of the inheritance and gift tax , has recognized (driven by an impressive flow of jurisprudence) the act of endowment of the trust as completely extraneous to the application of any proportional taxation (except for an explicit option for "incoming" taxation), postponing the tax levy to the moment in which the beneficiaries of the trust increase their assets as a result of attributions made by the trustee.

Hence, therefore, the need and opportunity to "re-read" the trust (also in its civil law structure) starting from this new approach, no longer burdened by the tax burden relating to the contribution of assets to the trust.

In essence, both for those who study the subject of trusts and for those who must apply it professionally, the volume aims to represent it through an authoritative treatment (the result of the personal culture and professional experience of the Author, particularly versed in the field of wealth planning ) supported by a substantial theoretical apparatus – free from purely abstract reasoning – and from an in-depth, exhaustive and up-to-date overview of jurisprudence which has been concerned with applying the specific principles of this matter to the reality of the individual cases examined from time to time.

The volume is therefore a candidate to be a guide of essential reference not only for those who have to deal with a specific case, but also for those who, with foresight, want to possess and practice the subject of planning - understood as the registration, protection, management, destination and taxation - of the assets of natural persons.

The volume is inserted in the series entitled "The Library of Wealth Management" which is an original series of five volumes created by Angel Busani designed to illustrate all the legal aspects inherent to the management, planning, transmission and generational transition of the assets of natural persons.