Make Your Own Living Trust Author: Denis Clifford | Language: English | ISBN:
B00D62ADME | Format: EPUB
Make Your Own Living Trust Description
Living trusts simplified! Protect your family and avoid probate with this bestselling guide
Death may be inevitable, but probate doesn't have to be. By creating a living trust, your property will bypass lengthy and expensive probate proceedings and go directly to the people you've designated, quickly and easily.
Make Your Own Living Trust explains how to create a living trust, transfer property to the trust, and amend or revoke the trust at any time. You'll learn how to:
-create various living trusts, including an AB trust (also known as a "marital trust" or "bypass trust")
-transfer assets to your trust, including real estate, stocks and bonds, jewelry, art or a small business
-name beneficiaries for all trust property
-sign your document and make it legal
-appoint someone to manage property left to minors or young adults
-provide for trust property management if you become incapacitated
-retain absolute control over trust property while you live
-register, amend, or revoke a trust
Make Your Own Living Trust includes all the forms you need to create your own trust, plus step-by-step instructions for filling them out. Completely updated and revised, this edition includes the latest tax and legal information, including updated information about the federal estate tax.
Good in all states except Louisiana.
- File Size: 6475 KB
- Print Length: 352 pages
- Publisher: NOLO; 11 edition (February 28, 2013)
- Sold by: Amazon Digital Services, Inc.
- Language: English
- ASIN: B00D62ADME
- Text-to-Speech: Enabled
X-Ray:
- Lending: Not Enabled
- Amazon Best Sellers Rank: #136,056 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #20
in Kindle Store > Kindle eBooks > Nonfiction > Professional & Technical > Law > Taxation - #30
in Kindle Store > Kindle eBooks > Nonfiction > Professional & Technical > Law > Practical Guides - #57
in Books > Law > Estate Planning > Estates & Trusts
- #20
in Kindle Store > Kindle eBooks > Nonfiction > Professional & Technical > Law > Taxation - #30
in Kindle Store > Kindle eBooks > Nonfiction > Professional & Technical > Law > Practical Guides - #57
in Books > Law > Estate Planning > Estates & Trusts
A living trust is an alternative to a will, one that avoids probate. The idea is simple. You create a trust by declaring yourself the "grantor" and "trustee," put value (money or property) into the trust, name the beneficiaries and someone to become trustee when you die, and there you have it. Of course, the process is more complicated than I've indicated, which is why Nolo has put out this 300+ page book.
The problem with any legal issue is the wrinkles that come about, and that fact seems to be especially true when it comes to life--and that's what wills and trusts are all about. Writing a valid will is very simple if you want to leave all your property to your spouse, for example, but if you want to put some aside for the child from a previous marriage, want to ensure that some of your money is set aside to educate the children of this marriage, and so on and so forth . . . then things get complicated. And when you add in the types of property--separate versus community, real estate, bank accounts, insurance policies, and so forth--things can get really complicated.
I would not recommend that someone with a complicated situation necessarily use this book to create a complex living trust, but I would recommend this book to just about anyone considering a living trust. The book is easy to read, divided into common-sense sections, and designed to be read by a layperson. In other words, there's no sentence in here that reads "The devisee must be of majority at the time of the establishment of the granting document provided horizontal privity exists in a case of non-mutual offensive collateral estoppel." (To be clear, that sentence is mostly gibberish using various legal terms from wills, contracts, property, and evidence law.
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