Social and Behavioral Sciences Commons^™

Trust And Estate Planning: The Emergence Of A Profession And Its Contribution To Socioeconomic Inequality, Elisabeth Brooke Harrington

Brooke Harrington

This article offers a new perspective on the connection between socioeconomic inequality and occupations by examining the impact of trust and estate planners on global wealth stratification. While many studies treat the professions as mirrors of inequalities in their environments, this article looks at the ways professionals participate in the creation of stratification regimes. Trust and estate planners do this by sheltering their clients’ assets from taxation, thereby preserving private wealth for future generations. Using tools such as trusts, offshore banks, and shell corporations, these professionals keep a significant portion of the world’s private wealth beyond the reach of the …