Loving Trust: The Right Way to Provide for Yourself and Guarantee...; Revised and Expanded (Hardcover)

by Robert A. Esperti (Author), Renno L. Peterson (Author)

Editorial Reviews

From Publishers Weekly
Accepted notions of prudence in money mattersjoint bank accounts, insurance beneficiary formulas and, above all, formal willsget rough treatment in this study of estate planning by Esperti and Peterson, coauthors of Incorporating Your Talents. They warn that such conventional procedures entail complications and delays in cases of disability or death, with deep attrition of assets through court and legal costs. Their alternative is a little-known instrument called a Loving Trust ("Love sells. Love makes people happy"), which enables individuals or couples to direct the care of their loved ones and control the flow of assets to themoutside the probate court process. But, as the detailed instructions included here show, setting up a Loving Trust can be a complicated legal matter. 40,000 first printing; $65,000 ad/promo; author tour.
Copyright 1988 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

From Library Journal
Esperti and Peterson ( The Handbook of Estate Planning ) provide a thorough series of check lists for planning a loving trust, an elaborate form of revocable living trust that allows a person to control his or her property during life, while permitting the person to give the property without a will and probate. While the authors sometimes exaggerate for effect, they make an eloquent, convincing case for this form of estate planning and recommend that a lawyer write the trust to cover all legal bases. Wills, anathema to Esperti and Peterson, are considered a necessity by attorney Sitarz, whose book is a reliable guide for those wishing to make a simple will. He briefly explains the legal requirements; provides a fill-in personal questionnaire for planning purposes; includes sample clauses, mandatory and optional, arranged in logical order to aid in writing the will; and defines legal terminology in a glossary. Denis Clifford's Nolo's Simple Will Book ( LJ 11/1/86) has more information on estate planning, but Sitarz includes a state-by-state outline of laws relating to wills. Both books would be useful additions to public libraries. Jack Ray, Loyola/Notre Dame Lib., Baltimore
Copyright 1988 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Hardcover: 416 pages
• Publisher: Viking Adult; Rev Exp edition (January 4, 1994)
• Language: English
• ISBN-10: 0670847151
• ISBN-13: 978-0670847150
• Product Dimensions: 9.3 x 6.4 x 1.3 inches
• Shipping Weight: 1.6 pounds
• Average Customer Review: 4.0 out of 5 stars See all reviews (1 customer review)
• Amazon.com Sales Rank: #817,699 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 12 people found the following review helpful:

4.0 out of 5 stars Trust Me On This One, September 30, 2002

By	Dwight Moody (Conroe, TX) - See all my reviews

...In Loving Trust, the authors discuss various methods of estate planning (by estate planning, I'm talking about how you plan for the orderly disposition of your valuables after you die). They do a very good job, in my opinion, of laying out the basics concerning why you ought to make some sort of plan, and some of the preferred methods for doing so...

The book goes over the advantages and disadvantages of wills vs. trusts, with a definite slant in favor of trusts. While I think trusts are a very good estate planning tool, I don't think they are absolutely right for everyone. You should read the book with the understanding that wills can still play an important role in planning how one's assets are distributed after death.

The book is not a do-it-yourself tome, either. Don't make MORE money for lawyers by trying to write a will and fouling it up - even after reading the book and making your choices, you'll need to consult with a an attorney and a professional tax planner before drawing up your estate planning documents.

If you want to understand how wills and trusts work, and you want it in plain English, this is the one to read.