EXHIBIT 23.2


                         Glast, Phillips & Murray, P.C.
                          815 Walker Street, Suite 1250
                              Houston, Texas 77002
                                 (713) 237-3135



June 2, 2004


U.S. Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, N.W.
Washington, D.C. 20549

Re:  International Trust and Financial Systems, Inc. - Form S-8

Gentlemen:

     I have acted as counsel to International Trust and Financial Systems, Inc.,
a  Florida  corporation  (the  "Company"),  in  connection with its Registration
Statement  on  Form  S-8 relating to the registration of 6,000,000 shares of its
common  stock, ("Incentive Shares"), par value $0.001 per Incentive Share, which
are  issuable  pursuant  to  the Company's Employee Stock Incentive Plan for the
Year  2004  No. 2, as well as the registration of 2,000,000 shares of its common
stock  ("Stock  Shares"),  par  value $0.001 per Stock Share, which are issuable
pursuant  to the Company's Non-Employee Directors and Consultants Retainer Stock
Plan  for  the  Year  2004 No. 2.  I hereby consent to all references to my firm
included in this Registration Statement, including the opinion of legality.

                                          Very truly yours,

                                          /s/ Norman T. Reynolds

                                          Norman T. Reynolds


                                        1