""Mary Randolph, an editor at Nolo, a publisher of do-it-yourself legal guides and author of ""The Executor's Guide,"" says it is a good idea to get a lawyer to help unwind a trust, especially if it will hold a significant amount of money.
Trust owners can take some steps on their own—for example, going to a bank to change ownership of a trust-owned bank account back into their names as individuals. But if the trust holds a business or another asset, that could be more complicated.
""If you've got some money to spend on attorney fees—and most people who have created AB trusts do—it can save you a lot of trouble later,"" Ms. Randolph says."" Wall Street Journal
""Provides a guide for executors and trustees, describing legal procedures and terminology, what to expect, decisions that will need to be made, and questions to ask."" Reference & Research Book News
""Covers the gamut of estate chores and helps you get through them."" Kiplinger's Retirement Report
""The Executor's Guide [is] a super-detailed, step-by-step book that's a must-read."" Beth Fenner, CNN ""More Money"" blog
About the Author
earned her law degree from the Boalt Hall School of Law at the University of California, Berkeley. She is the author of The Executor's Guide: Settling Your Loved One's Estate or Trust, 8 Ways to Avoid Probate, Every Dog's Legal Guide: A Must-Have Book for Your Owner, and Deeds for California Real Estate. She is also a coauthor of the legal manual for Quicken WillMaker. She has been a guest on The Today Show and has been interviewed by many publications, including the Wall Street Journal, the Los Angeles Times, the San Francisco Chronicle, and more. She lives in the San Francisco Bay Area with her family.