This revised fifth edition from estate-planning expert Harvey J. Platt details the most up-to-date strategies for using a living trust to create a flexible estate plan. Platt explains the latest tax laws, including the American Taxpayer Relief Act of 2012, the broadening of statutes for amending trusts, and the rule against perpetuities (RAP). Platt also addresses updates on many existing topics, including lifetime exemptions; the estate, gift, and generation-skipping tax; charitable deductions; state estate tax savings; and private annuities.
Your Living Trust & Estate Plan maps out the most effective techniques for saving money and property and covers the essentials of successful estate planning. Other resources frequently overlook vital areas such as unlocking the benefits of living trusts, protecting beneficiaries, using life insurance, handling retirement benefits properly, and fixing inadequate estate planning postmortem, but Your Living Trust is the complete guide. This invaluable resource will teach you how to maximize your family’s assets, plan your estate, and provide for your loved ones well into the future.
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Harvey J. Platt is an attorney, a frequent lecturer on the subject of estate planning and living trusts, and the author of Your Will and Estate Plan and Your Living Trust and Estate Plan (Allworth Press). His firm, Platt & Platt, has an extensive practice concentrating in the field of trusts and estates. Platt is a member of the National Academy of Elder Law Attorneys, co-chairperson of the New York State Association for Retarded Children Trust, and a member of the Association of the Bar of the City of New York. He lives in New York City.
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