Free Ebook Make Your Own Living Trust
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Make Your Own Living Trust
Free Ebook Make Your Own Living Trust
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Review
“There are important differences between the trust-mill approach and that of such well-respected products as Nolo’s Make Your Own Living Trust.†The Wall Street Journal“A do-it-yourself manual with checklists, step-by-step procedures, worksheets and forms.†The Los Angeles Times“If you think you can prepare your own living trust, Make Your Own Living Trust is an excellent reference.†Chicago Tribune"For residents of all states except Louisiana, Clifford, an estate planning attorney and author, explains how to create a living trust without a lawyer. He describes probate, estate taxes, and the advantages and drawbacks of a living trust; aspects like leaving unequal amounts to children, second or subsequent marriages, disinheriting a child, communicating decisions to family and friends, and trusts for single people and unmarried and same-sex couples; and common questions related to estate taxes, gift taxes, creditors, real estate, and other topics. He discusses types of trusts; the tax-saving AB trust; choosing property to put in the trust; trustees; choosing beneficiaries; property left to minor children or young adults; preparing the trust document; transferring property to the trust; copying, storing, and registering the document; adding or selling property, amendments, and revoking the trust; what happens after the grantor dies; other aspects of estate plans, such as backup wills, taxes, planning for incapacity, and other probate-avoidance methods; wills; and getting help from lawyers. This edition has been updated, and forms and worksheets are included in the book and online." Eithne O'Leyne, Editor Ringgold, Inc. ProtoView
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Book Description
People want to know about living trusts. They hear about them constantly in personal finance magazines and pitches for free seminars, but they have only a vague idea about what trusts are. This book explains how trusts work, who should use them, and how to make one.
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Product details
Series: Make Your Own Living Trust
Paperback: 352 pages
Publisher: NOLO; Thirteenth Editon edition (February 27, 2017)
Language: English
ISBN-10: 1413323391
ISBN-13: 978-1413323399
Product Dimensions:
8.5 x 1 x 11 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review:
4.5 out of 5 stars
131 customer reviews
Amazon Best Sellers Rank:
#80,347 in Books (See Top 100 in Books)
This is a good book with a lot of basic information. However, it is designed for people who don't know much about trusts and merely want to put their assets in a trust and distribute them to their heirs after death. If you intend to do something more complicated, like having the trustee hold the funds afterwards and pay income beneficiaries you will need to go to an attorney. Still, a good starting point for the beginner.
What a phenomenal book! Extremely well organized, with easy-to-read examples and directions on how to create your own Living Trust. My case is simple; my wife and I are creating a Shared Living Trust, with each of our adult children as equal beneficiaries. With forms, I will easily be able to do this on my own.
I don't have much trust for "professionals" and would rather do things myself on my own schedule. Doing your own trust is not tough at all. It takes time, but so does working with a $500 per hour lawyer! The hardest part was dealing with the County Clerk to change the title of my house. They made it clear that they want you to use a lawyer and wouldn't even tell me which form I needed to fill out! It took me 3 trips to complete. I ended up using Quicken Willmaker software, but the book was helpful to better understand the process.
I've been using versions of this book for over 20 years to make trusts for myself, and for another family member. I've also used it to make amendments, and most recently to make a complete restatement of my original trust. The author has changed the wording of the trusts over the years, which he explains, and my life situation has changed, so I really wanted to do a new trust. But that means filing new property deeds, etc. So in this newest version of the book I discovered the concept of a restatement of the original trust. You can replace your old trust with an entirely new trust, but not have to re-title everything. The book is full of information that you will need for making your trust, maintaining it, etc. It did take a considerable investment of time for me to learn the information in this book, and you really have to enjoy attention to detail.I think this book is fantastic, and the price is very reasonable for what it delivers.Even if you subsequently decide to hire a lawyer to do your trust, this book will help you get acquainted with the issues so you know what you're talking about when you talk to the lawyer. And it will be a big help to your beneficiaries to know what to do when they inherit.
Very well written. Also written in basic language that made it easy to understand. Good examples thru out the book to help you revise the forms to match your circumstances. Even though it is intended to write your own trust, I will have an attorney look it over when I am done to make sure I end up with a valid trust. But this should save me a considerable amount of money.
I was able to use the information in this book to complete my Living Trust. It is a great way to prepare a Trust. I highly recommend this method. Read the sections that apply and prepare an "exclusion" section to go in front, excluding autos that have co owners that will get the car after your demise, as well as joint bank accounts. Makes the job for the executor much easier.There is work to do after you finish. If you want your home to be in the living trust, you must go to the hall of records and file a change of title. It is simple. Get a Quit Claim form and transfer the title to "Living Trust of ***************** ". It is simple and easy. Transfer title of all other items that are listed in the trust, also.Make clear instructions for the executor. Don't make him or her guess what you may have meant.
Easy to read and follow. Great savings if your situation doesn't require a lawyer, and good advice when it advises you that you might.
This is well written, and mostly easy to understand. Some of the information conflicts with what a lawyer told us, but since we are very simple it will do the job.
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