Title: Make Your Own Living Trust Pdf
Author: Denis Clifford
Published Date: 2019-03-29
Page: 352
“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 People want to know about living trusts. They may hear that they need one, but they may have only a vague idea about what trusts are or how they fit into an estate plan. This book explains how trusts work, who should use them, and how to make a one.
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 what living trusts are, how they work, why you may want one. You'll learn how to:
- create an individual or shared living 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 a basic will
Make Your Own Living includes all the forms you need to create your own trust, plus step-by-step instructions for filling them out. You’ll also get important information about other estate planning tools, like wills, powers of attorney, and other options for avoiding probate.
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.
Downloadable forms for book at nolo.com through a special link.
I found it very helpful. Lots and lots of ... I found it very helpful. Lots and lots of information carefully explained with examples. Even if I do end up using a lawyer, I can still save lots of time (and thus a lawyer's hourly rate) by understanding in advance the whole process as well as exactly what I want, and how things need to be listed.Great Resource Whether Making Your Own, Or Hiring Somone I'm a kind of person that likes to do things myself when I can, but was on the border between just hiring someone to create a trust for me, or to do it on my own. I first went to go talk to a professional lawyer that specializes in Trusts. He was great. The price was high, but that was to be expected. He gave me a lot of information which I appreciated, but decided to learn more about it on my own anyway. I got this book to read on an upcoming trip at the time and am so glad that I did. I hate spending money on useless things or things that you can find free on the internet. But I highly recommend this book for anyone who wants to make a Trust him/herself, OR wants and has the time to understand how a Trust works before hiring someone else to do it. My parents hired someone to write their trust...shelled out a ton of money at the time...and it's pretty much crap (I hate to say). It works, but is the most generic thing ever. It's very easy for lawyers to say a lot of fancy things and give you a Trust and you don't even really know if it's "good" or not because you only know what they tell you. So if you plan on hiring someone to write your Trust, I really recommend doing some research (such as buying this book, which is great), or browsing around online. Bonus is that it's also a very interesting topic with a good writer. Very easy to follow for novices, and full of information for people even relatively knowledgeable about the topic.Everything you need to do it yourself. Save $$$ over a lawyer ($1000+) Has all the forms and instructions to do your own Living Trust. But, you have to be a self-driven person who will follow through and do the work. I've done part of the work and have had the book for a while. Read through the material and it looks complete; I just have to do my part now.
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