Family Trusts: Financial Errors in Trusts, How to Avoid and Correct Them. This item is unavailable.Family Trusts: Financial Errors in Trusts, How to Avoid and Correct Them

Second Edition -"Family Trusts contains pioneering work and advice that Grantors of Trusts should consider. Its bonus value is the Trust documents available free on the publisher's web site. Step by step instructions are given for avoiding the high legal costs and delays of Probate by use of these free Living Trusts for Married or for Single Persons. These forms provide the protection every one wants and should have for the surviving spouse, children and other heirs.

If you own a home or have other assets, you need to consider a Living Trust. If you currently have a Living Trust, you owe it to your family and heirs to compare the boilerplate provisions and generalities in your document with those given at our web site and in our book. Both recommend specific provisions that clearly express the intent of the Grantor.

Most existing Trusts do not provide an adequate income for your surviving spouse; nor do they properly provide for your children and other heirs. You need a Trust that does these things. Several examples of your rights to provide a Planned Income Trust for your spouse are given are given in Part Two. Options to be considered in a second marriage Trust are discussed in Chapter 27.

Are you aware that many states require your Trustee to annually file and pay a special tax on your Trust? You can avoid this by including an important provision shown in Chapter 24.It allows you or your heirs to change the state that controls your trust and avoid these annual taxes on your estate. Does your Living Trust contain this provision?

As a son or daughter, you can help your parent use our Living Trust. The easy to understand explanations in the book show how to include important provisions that should be part of every effective estate planning document. These key options are unique to this book. You will not find them in the forms or in the text of other books on this subject.

The author of "Family Trusts" has been teaching these provisions to attorneys in state approved Continuing Legal Education courses for over 12 years. Take advantage of the expertise he offers by reading the book and using the web site.

You can then download the free Living Trust, insert your name and the names of your family and other beneficiaries, include the options from the book that you want, and then sign the document.

Author is well-know speaker on Trusts to financial planners, accountants,senior citizens, professional groups and is a frequent guet on radio and TV talk shows. He has reviewed hundreds of trusts and found few that properly provided for the family. He is an associate member of the American Bar Association and a member and contributor to several ABA committees in estate planning. He conducts CLE(Continuing Legal Education) courses for attorneys approved by State Bars on Financial and Management options a Grantor has in Trusts.