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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
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Top Customer Reviews
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.
author In The Trenches - Financial Survival During Times of Hardship
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.
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.
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.
Most Recent Customer Reviews
Very informative for someone that needs to know the difference between wills and trusts. Great guide in making a decision of which way to go.Published 6 months ago by Brenda Abernathy
Great Book! I just can't say enough about how authoritative this author is and how much I learned on the topic from this dude. Read morePublished 6 months ago by Fuzzy1
This book is for beginners. I like the last chapter the best for Trustees and Survivors; it has a lot of helpful comments. Read morePublished 8 months ago by DKZman
Very informative read that saved me a lot of money and headaches! I recommend it for everyone who has to plan estates for their elderly parents. Read morePublished 11 months ago by Bob Justman
Amazing book! Amazing attorney! I learned so much!
And now I know why Trusts cost so much to set up - they must be customized to the individual and to the estate allowing... Read more
Important knowledge to protect your estate from tax marauders and courtsPublished 13 months ago by Casandra