The Living Trust: The Failproof Way to Pass Along Your Estate to Your Heirs Without Lawyers, Courts, or the Probate System

Henry W., III Abts

ISBN 10: 0809239183 / ISBN 13: 9780809239184

Published by Contemporary Books, 1993

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Bibliographic Details

• Title: The Living Trust: The Failproof Way to Pass Along Your Estate to Your Heirs Without Lawyers, Courts, or the Probate System
• Publisher: Contemporary Books
• Publication Date: 1993
• Language: English
• ISBN 10: 0809239183
• ISBN 13: 9780809239184
• Binding: Soft cover
• Condition: New

About this title

Synopsis

A guide to writing a living will features information on the Catastrophic Illness Trust, the Q-DOT trust, a trust for married partners, competency clause changes, handicapped protection, the disinherited child, and other issues. Reprint.

From the Back Cover

The Bible on How to Avoid Probate, Revised and Updated

"[The Living Trust] is unquestionably the layman's most nearly complete source on living trusts. . . . Recommended reading for anyone who wants to maximize his net estate left to heirs, speed asset distribution after death, avoid will challenges, minimize estate costs, and maintain privacy."
―Robert Bruss, Esq., and nationally syndicated real estate columnist, Chicago Tribune

You may think your heirs have been well provided for, but did you know that:

• Your loved ones may have to wait more than two years before receiving a penny from your estate―even though you have left a legally valid will?
• Costs of probating your will may eat up more than 10 percent of your estate―money your heirs will never receive?
• The specific instructions of your bequest may be contested or changed completely―even though clearly spelled out in your will?
• A will cannot help you in life? If you become incapacitated or your judgment comes into question, it becomes a matter for the courts to decide and is a very public process.

A living trust is a simple, inexpensive legal alternative that eliminates the costs and delays of probate and ensures that your loved ones will receive their inheritance promptly and exactly as you intended. The Living Trust―the bible of how to avoid probate―will show you how to take full advantage of this critical estate-planning tool. This updated edition of The Living Trust includes the latest information on trust formations, tax changes, distribution rules, and more. It also offers:

• Insight into abuses within the probate system
• Advice on how to protect your business, savings, and retirement funds from frivolous lawsuits
• The effects of the Economic Growth and Tax Reconciliation Act of 2001 on estate tax, gift tax, the generation-skipping tax, and stepped-up valuation
• Sample and ancillary documents, including the estate preservation and tax-saving documents, the living will, and costs of living trust, all updated to reflect the latest tax changes and living trust requirements