Family Money : How to Use Life Insurance, Living Trusts and Other Common Tools to Leave as Much as Possible to Your Loved Ones [Paperback]

Silver Lake Editors (Author)

Product Details

• Paperback: 308 pages
• Publisher: Silver Lake Publishing (August 2001)
• Language: English
• ISBN-10: 1563437449
• ISBN-13: 978-1563437441
• Product Dimensions: 8.4 x 4.6 x 0.8 inches
• Shipping Weight: 11 ounces (View shipping rates and policies)
• Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #2,161,668 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

5.0 out of 5 stars A great resource for understanding differences in trusts, October 18, 2004

By 

E Isaacs (Woodinville, WA USA) - See all my reviews

This review is from: Family Money : How to Use Life Insurance, Living Trusts and Other Common Tools to Leave as Much as Possible to Your Loved Ones (Paperback)

This is one of the best books I have found on the subject of trusts. Most books on Wills only talk about Living Trusts, but this book outlines how some of the richest (and not so rich) families use Trusts to protect family money. It also discusses the downfalls of this practice, including causing legal battles for your next of kin. This guide not only explains trusts and living trusts, but also goes into details on being an executor, going through probate, handling executor fees and it discusses common problems within wills and trusts. There are many examples of legal cases throughout the book that illustrate issues and how they have been resolved by courts. It's definately worth reading if you're trying to get a grasp on the subject.

4.0 out of 5 stars Estate Planning and Trust information, November 2, 2008

By 

W. Solley "CytoMan" (Music City, USA) - See all my reviews
(REAL NAME)   

This review is from: Family Money : How to Use Life Insurance, Living Trusts and Other Common Tools to Leave as Much as Possible to Your Loved Ones (Paperback)

This book has practical information about estate planning and how to set up trusts to protect your loved ones. I borrowed this book from the local library and thought enough of it to want to order it for myself.

5.0 out of 5 stars Why probate is inimical to family wealth and how to avoid it, March 28, 2002

By 

Midwest Book Review (Oregon, WI USA) - See all my reviews

This review is from: Family Money : How to Use Life Insurance, Living Trusts and Other Common Tools to Leave as Much as Possible to Your Loved Ones (Paperback)

Family Money is an excellent and "user friendly" introduction for the non-specialist general reader into the intricacies of preparing and utilizing wills, trusts, life insurance, and other financial instruments for the purpose of endowing the people you love with the funds, properties, and possessions you wish to leave them as your legacy. Family Money covers the building and keeping of family money as a deliberate act while avoiding the hazards and uncertainties of contestable bequests. The reader will learn how to keep a will simple enough to do what is wanted, but detailed enough to satisfy a probate court; why probate is inimical to family wealth and how to avoid it; how to use living trusts to move as much as you can to family members; and when charitable trusts, special needs trusts, and other trusts can work in favor of your family. Of special value is the information on what to do if you find yourself named executor or trustee and how to instill notions of duty and humility in your heirs. If you want to pass on your wealth and possessions to those of your own choosing, then begin the process by carefully reading Family Money!