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Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates 1st Edition

4.6 out of 5 stars 45 customer reviews
ISBN-13: 978-1581156744
ISBN-10: 158115674X
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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.
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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 (45 customer reviews)
  • Amazon Best Sellers Rank: #81,019 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

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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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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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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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
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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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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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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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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