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Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates Paperback – March 9, 2010

ISBN-13: 978-1581156744 ISBN-10: 158115674X Edition: 1st

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Product Details

  • Paperback: 160 pages
  • Publisher: Allworth Press; 1 edition (March 9, 2010)
  • Language: English
  • ISBN-10: 158115674X
  • ISBN-13: 978-1581156744
  • Product Dimensions: 5.5 x 5.6 x 8.5 inches
  • Shipping Weight: 9.1 ounces (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (29 customer reviews)
  • Amazon Best Sellers Rank: #30,802 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Ronald Farrington Sharp is an attorney with offices in Michigan, now concentrating in and handling cases only in the areas of Trusts, Estate Planning, and Probate. Sharp established his firm in 1975. His company works closely on a referral basis with financial planners, insurance professionals, accountants and estate planners in developing a comprehensive estate plan package. For the first half of his career Mr. Sharp specialized in family law and divorce, in the past ten years gradually shifting the focus of the practice to estate planning. Since then, Mr. Sharp has personally prepared over three thousand trusts and estate plans. His first book with Allworth Press, Winning the Divorce War, was published in 1998, with a second edition in 2005. Ronald Sharp is married with three adult children and one grandchild and he divides his time between Michigan and Florida.

Customer Reviews

4.6 out of 5 stars
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See all 29 customer reviews
Easy to understand, concise and to the point.
Carolyn
The book covers the basics of the revocable living trust - what it is, who needs one, why you need one.
Elliot Malach
This book provides a good overall summary of why its best to have a trust to manage an estate.
taxpreparer

Most Helpful Customer Reviews

36 of 36 people found the following review helpful By Carol Schultz-Weil on May 12, 2010
Format: Paperback
"This is a book for the 95 percent of the population that has done no estate planning..."
The author is an attorney and has personally prepared over 4,000 trusts and estate plans. In the first chapter he reviews the differences between a will and a trust and states "The fact is that nearly everyone would be better off with a trust than with a will. In most cases the only person who benefits from our having a will instead of a trust is your lawyer. Attorney fees for making the will and probating the estate are a lawyer's bread and butter."
I highly recommend this book as it is specific yet easy to understand. A quick read will convince you of the importance of trusts or in the rare case of why you don't need one. The author has done an excellent job in giving detailed information without being dry or boring. Everything that he has written is important and no words are wasted. One very interesting facet of a trust is that the benefits are for the living and not just a method to disperse funds when someone passes away. As a reference tool the chapter headings allow you to review time after time as questions arise. My copy is now highlighted in yellow and green.
Very useful reading and a must for anyone who desires to manage their finances responsibly and profitably.

Carol Schultz-Weil
author In The Trenches - Financial Survival During Times of Hardship
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19 of 19 people found the following review helpful By Elliot Malach VINE VOICE on June 9, 2011
Format: Kindle Edition Verified Purchase
The book covers the basics of the revocable living trust - what it is, who needs one, why you need one. It simply defines trustees grantors and beneficiaries. The author explains probate and why you should avoid it, why a will won't do most of the time, and key situations in which a trust would be beneficial.

I'd consider the book an overview, but after reading it you will know what to look for and who to ask to learn more about how to tailor one to your specific financial and personal situation.

It gave me plenty of questions to prepare me to discuss this with my attorney.
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14 of 14 people found the following review helpful By Christian T. Browne on July 16, 2010
Format: Paperback Verified Purchase
I especially liked the section that dealt with what to do when someone dies and the examples of notification needed. Good explanation of some of the instruments of of inheritance. Readable.
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9 of 9 people found the following review helpful By K. Lisson on March 14, 2011
Format: Paperback
Invaluable assistance in my duties as successor trustee for my father's trust. I wish my counsel handed me this book along with the copies of the trust documents. If you have a trust, please include this book with your papers, it will help your children get started on the right foot.
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Format: Paperback
Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates advocates trusts and explains them in clear language, maintaining that a trust if often better than a will, and less costly. From understanding different types of trusts and how to fund them to selecting an attorney and considering the costs of paperwork, this is a fine pick!
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5 of 5 people found the following review helpful By ubalu on December 2, 2012
Format: Paperback
The majority of the population does not have a will or Living Trust according to the author, probably because they think their assets are not sizable enough, and they see no `urgency'. But the fact is that for any asset big or small, drawing a Living Trust is cannot be put off. The author-attorney has a written a book in plain language the difference between a will and Living Trust. Almost any basic information one needs on the subject is in this book.

There are many books on the subject, but the uniqueness of this book is that it tells the facts of the aftermath-what the family must do when the trustee dies. This is invaluable information at the readers' fingertips. This is a book every family/trustee/heirs must have.

The author has done a great service.
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5 of 5 people found the following review helpful By dwsedona on April 27, 2012
Format: Kindle Edition Verified Purchase
This book is excellent. It shows you why a trust is far superior to a will, and less hassle when someone dies. It also shows how to avoid some common pitfalls to make sure your assets go where they are supposed to go. You should read this book if you have a will or are considering one. You will more than likely change to a trust when you see the down side to wills.
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3 of 3 people found the following review helpful By Gene P. Louie TOP 1000 REVIEWER on December 5, 2014
Format: Paperback
This is a basic introduction to living trusts. General concepts are explained: differences between a trust and will, funding a trust, the various types, problems, and other related subjects.
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The most valuable section is Appendix A. The author provides valuable sample forms: letters to creditor, Social Security Administration, life insurance, Veteran's Administration, and employer; funeral and burial arrangements; and obituary format.
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Most Recent Customer Reviews


More About the Author

January 2014
I finally have my new novel, Serpent's Tongue out in print and on Kindle. About forty rewrites but it is now what I want it to be. Working on another crime/mystery novel tentatively entitled Thieves, probably out later this year. Take a look at Serpent's Tongue and the new adventures of Sydney Simone

July 2012
Wow, what a year. First i was amazed that I won the Discover Mystery Award from Poisoned Pen Press. My mystery, No Regrets, No Remorse was released November 6, 2012 and is doing great. Fab reviews and fan mail. Now I found out that I won second place in the Writer's Digest short-short story contest for 2013, which doesn't sound like much until you realize there were over 7,000 stories submitted. So my new mystery, a sequel, a new Sydney Simone mystery is set for release fall 2013. I'm working hard on it.

Prior to working full time as a writer I spent many years as an attorney. I have two non-fiction books in print, Winning the Divorce War, and Living Trusts for Everyone, both through Allworth Press and available on Amazon

I also have been a professional sculptor for many years under the name R. Farrington Sharp and have done major commissions with my sculpture in over a dozen major universities, libraries and municipal collections.

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Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates
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