The Complete Book of Trusts, 3rd Edition (Paperback)

by Martin M. Shenkman (Author) "Trusts are powerful and useful estate, tax, investment, and financial planning tools..." (more)
Key Phrases: gift tax cost, annual demand power, tax allocation clause, Tax Act, Code Section, United States (more...)

Editorial Reviews

Product Description
A new, updated edition of the ultimate guide to trusts

Trusts are powerful and flexible financial planning tools, and this new edition of The Complete Book of Trusts covers everything you need to know to protect your hard-earned assets from taxes, creditors, and more. This updated Third Edition provides all the latest information on trusts, addressing recent changes due to economic growth and the Tax Relief Reconciliation Act of 2001 in such areas as transferring assets, distribution of income, gift and estate tax rules, and many others.

Along with in-depth examinations of sixty different types of trusts, this book also shows you how to:

• Set up a trust to manage assets in the event of disability or death
• Avoid probate
• Minimize or eliminate estate and other transfer taxes
• Financially protect loved ones
• And more

The Complete Book of Trusts, Third Edition is an invaluable resource for anyone with significant assets to protect.

From the Publisher
Myth: Trusts are just for the very wealthy. Fact: Trusts are for anyone who wants to maximize his or her finances. This newly revised guide offers step-by-step instructions on how to select from among 50 trusts to best suit your needs, be it real estate, life insurance or stock trusts, set up a trust for a spouse, grandchild or non-marital partner and identify the tax risks and benefits of trusts. New to this edition: expanded information on QPRTs, GRAT, GRUT, new information on community property law new trusts such as: QPRT, GST, Inter-Vivos Credit Shelter Trust and Inter-Vivos QTIP Trust. --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Paperback: 320 pages
• Publisher: Wiley; 3 edition (April 12, 2002)
• Language: English
• ISBN-10: 0471214582
• ISBN-13: 978-0471214588
• Product Dimensions: 10.9 x 8.5 x 0.9 inches
• Shipping Weight: 1.6 pounds (View shipping rates and policies)
• Average Customer Review: 4.4 out of 5 stars See all reviews (11 customer reviews)
• Amazon.com Sales Rank: #27,840 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

104 of 108 people found the following review helpful:

5.0 out of 5 stars The Complete Book of Trusts is Complete!, April 16, 1999

By A Customer

This review is from: The Complete Book of Trusts (Paperback)

Martin Shankman gives a very comprehensive and extremely detailed treatment of trusts in The Complete Book of Trusts. Marti gives numerous examples, suggested clauses, and pointers in how to best use trusts. Further, Marti gives the reader suggestions on how to broach certain estate planning and trust strategies subjects to one's attorney.

I must, in all fairness, say to the reader that this is not a book that will show you how to prapare your own trust. If the reader desires such a book, perhaps he/she should look elsewhere. There are quite a few books that will show the reader how to draft a legally valid living trust. I especially like the one published by Nolo Press which is available right here at amazon.com. However, if the reader would prefer to have a very broad, comprehensive, detailed and in-depth discussion of the subject of trusts, that is very readable and user-friendly, I would very highly recommend Marti Shankman's The Complete Book of Trusts without any reservation whatsoever.

In sum, The Complete Book of Trust is a great value. So, here is what I have to say: buy it; read it; and use it by bringing the subjects relevant to your own estate planning concerns, to your attorney's attention; so that you can accomplish your very own estate planning goals.

49 of 50 people found the following review helpful:

2.0 out of 5 stars Written in Legaleeze...got a better book for you, May 27, 2000

By	"amazonca" (Sunnyvale, CA USA) - See all my reviews

This review is from: The Complete Book of Trusts (Paperback)

Read "Beyond the Grave, The Right Way and the Wrong Way of Leaving Money to Your Children" instead of this book or before you read this book. I bought both and gave up on this book after a couple chapters. It was a struggle to get through. Very dry, written like a tech manual, a real sleeper. Go read the reviews on Amazon for Condon's book before deciding which one to order. Trust me, you want the other book.

15 of 16 people found the following review helpful:

5.0 out of 5 stars Great reference book for new practitioners!, November 11, 2004

By	Diane M. Huliganga "Diane M. Huliganga" (Newport Beach, CA) - See all my reviews (REAL NAME)

I have only purchased this book tonight, yet not on Amazon.com. I actually went to Borders and paid full price. Reason being, I could not wait to get my hands on a reference book to help me conceptualize projects and cases that I presently deal with at work as a new estate and tax planning attorney. I hear about ABC trusts, GST trusts, Living Trusts, just to name a few, every day. Yet I don't have the slightest idea about the particular mechanics of many of these valuable estate planning and tax saving tools.

I have only begun to read this book, but so far it has impressed me with its clarity and simplicity in explaining the particulars of the different types of trusts available. It is great for someone like myself who is beginning to practice law in this area. Additionally, I would recommend this book to a law student interested in entering this field or one who is currently taking a trusts and estates course.

A word of caution, this is not a book to assist you with drafting your own trust. Although it is a good prep material with which to study up on before consulting with an attorney. In my short experience, clients with at least some knowledge of what is available to them benefit more from the time spent with lawyers and consultants who will actually draft their trusts and related documents.

I also recommend this book to people that are wary of attorneys and who are intimated by the complex jargon of the legal industry. The more one knows about what trusts are available and which may be more advantageous, the likelier they will feel confident in their estate planning documents.