The Living Trust : The Failproof Way to Pass Along Your Estate to Your Heirs

The Living Trust : The Failproof Way to Pass Along Your Estate to Your Heirs

Editorial Reviews
Book Description
If you are concerned about estate planning you may be surprised that, even with a will, the probate system can eat up as much as 10 percent of an inheritance and delay the process two years. In The Living Trust , noted living trust authority Henry Abts presents 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. This new edition has been completely updated to reflect the federal tax codes and up-to-the-minute developments in the legal system.

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

The Living Trust : The Failproof Way to Pass Along Your Estate to Your Heirs,Henry W Abts,McGraw-Hill,0071387099,Business & Economics,Business/Economics,Estate Planning,Estates & Trusts,Legal Reference / Law Profession,Living trusts,Personal Finance - General,United States,Business & Economics / Personal Finance / General

Hot Books:

1. The Macro Economy Today with DiscoverEcon with Solman Videos
2. The One-Minute Organizer Plain & Simple
3. The Power of Impossible Thinking: Transform the Business of Your Life and the Life of Your Business
4. The Problem Solving Memory Jogger: Seven Steps to Improved Processes
5. The Project Management Scorecard: Measuring the Success of Project Management Solutions (Improving Human Performance)
6. The Seven Keys to Managing Strategic Accounts
7. The Skilled Facilitator Fieldbook : Tips, Tools, and Tested Methods for Consultants, Facilitators, Managers, Trainers, and Coaches (Jossey Bass Business and Management Series)
8. The Standard & Poor's Guide to Measuring and Managing Credit Risk
9. The Theory of Incentives : The Principal-Agent Model
10. The Unfair Advantage: Sell with NLP!

Hot Books

Recommended Books

1. New Drawing on the Right Side of the Brain Workbook: Guided Practice in the Five Basic Skills of Dra
2. WHO'S AFRAID OF CLASSICAL MUSIC
3. Improve Your Bridge
4. Governmental Accounting Made Easy
5. European Labour Law
6. Estrogens, Progestins, and Their Antagonists: Volume 2 Functions and Mechanisms of Action
7. Handbook of Exact Solutions for Ordinary Differential Equations, Second Edition
8. In a Magnolia Minute: Secrets of a Late Bloomer
9. Fritz Leiber's Lean Times in Lankhmar
10. From My Mother's Hands
11. Easy Beaded Jewelry
12. First Aid Handbook
13. From Shtetl to Milltown: Litvaks, Hungarians, and Galizianers in Western Pennsylvania, 1875-1925
14. Forest Trees of the United States and Canada and How to Identify Them
15. Fodor's upCLOSE Ireland, 2nd Edition : The Guide that Gets You to the Heart and Soul of Ireland