The Complete Book of Trusts, 3rd Edition by Martin M. Shenkman  (11)
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Editorial Reviews
From Library Journal
Written by a financial planner and an attorney, this book does not claim to substitute for expert legal advice, but it is a useful guide to the pros and cons of setting up trusts to reduce estate taxes. Many trusts do not specify how the trust assets will be invested; instead, the assets are governed by state law "default rules," which may be too conservative. The authors methodically explain how to determine how much money is needed for different purposes; after discussing the options, they devote a section to estate planning documents such as living trusts and durable power of attorney. The final section covers options to consider, including choice of trustee, payment of trust fees, and special trustees. Readers are referred to a web site to calculate retirement financing. The book has limited coverage of the use of life insurance and does not provide a means to select estate planning help, except to suggest attorneys. It would have helped to include a checklist of questions for estate planning professionals. For sophisticated readers.AHarry Charles, Attorney at Law, St. Louis
Copyright 1999 Reed Business Information, Inc.
Wall Street Journal
Your spouse and children could easily end up with substantially less than they need -- see "Family Trusts." --This text refers to an out of print or unavailable edition of this title.
See all Editorial Reviews
Written by a financial planner and an attorney, this book does not claim to substitute for expert legal advice, but it is a useful guide to the pros and cons of setting up trusts to reduce estate taxes. Many trusts do not specify how the trust assets will be invested; instead, the assets are governed by state law "default rules," which may be too conservative. The authors methodically explain how to determine how much money is needed for different purposes; after discussing the options, they devote a section to estate planning documents such as living trusts and durable power of attorney. The final section covers options to consider, including choice of trustee, payment of trust fees, and special trustees. Readers are referred to a web site to calculate retirement financing. The book has limited coverage of the use of life insurance and does not provide a means to select estate planning help, except to suggest attorneys. It would have helped to include a checklist of questions for estate planning professionals. For sophisticated readers.AHarry Charles, Attorney at Law, St. Louis
Copyright 1999 Reed Business Information, Inc.
Wall Street Journal
Your spouse and children could easily end up with substantially less than they need -- see "Family Trusts." --This text refers to an out of print or unavailable edition of this title.
See all Editorial Reviews
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