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Make Your Own Living Trust 11th Edition

4.6 out of 5 stars 105 customer reviews
ISBN-13: 978-1413318357
ISBN-10: 1413318355
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Editorial Reviews

Review

"You can set up your living trust yourself, but don't forget to transfer your home's title into your living trust... A good book to read first is Make Your Own Living Trust." -- Robert Bruss The Washington Post

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Product Details

  • Series: Make Your Own Living Trust
  • Paperback: 352 pages
  • Publisher: NOLO; 11 edition (February 28, 2013)
  • Language: English
  • ISBN-10: 1413318355
  • ISBN-13: 978-1413318357
  • Product Dimensions: 8.4 x 0.7 x 10.7 inches
  • Shipping Weight: 1.8 pounds
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (105 customer reviews)
  • Amazon Best Sellers Rank: #387,037 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

By Richardson VINE VOICE on July 3, 2013
Format: Paperback Vine Customer Review of Free Product ( What's this? )
I am developing quite a library of Nolo books on a variety of topics and they have served me well as a home owner, and business owner. I've gone through the living trust with my parents and wanted to set one up for myself. This book is a tremendous reference and is enabling me to do this. Firstly , the book is a wonderfully researched document about WHY a living trust is necessary. The book not only describes trusts and their value in avoiding probate and taxes but gives the reader an extensive list of scenarios which cover most of the potential problems or irregularities a family may have which would deviate from straight forward applications. Besides the extensive volume, the reader also has access to online forms and podcasts and videos on the topic to round out the educational experience.

As I've written in reviews of other NOLO books. I find their volumes extremely worth the price, well researched, up to date, and in a word comprehensive. If you are looking to set up your own living trust , or just wish to understand the process completely before hiring an attorney, I give this five stars.
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Format: Paperback Vine Customer Review of Free Product ( What's this? )
I understood what Dennis was saying, but I have spent over 1000 researching living trust, and I had a difficult time with some of the forms. I do say that this is a book that will help you complete your trust, and I recommend that everyone have a trust to prevent the horrors of Probate. I say this, because my father died with an estate on paper worth $285,000, and after four years of Probate I received $211.77, but he only had net assets of $125,000. The probate system gets paid on the gross estate, not the net estate.

In addition, I disagree with the Dennis about not putting your bank account, and some other assets into your trust. Do you think the bank is going to turn over cash to your heirs upon the death of the you or your spouse? I don't think so. They will require Probate to let them do it, and don't let anyone tell you different.

If you do your own living trust with this workbook, make sure you get written approval that your bank, stockbroker, or any other institute will accept these forms. There is no law that says you can't do your own living trust. Never assume anything where assets are involved.

Finally, in my opinion I would recommend that you have an arbitration clause in your trust that says that if anyone contests or disagrees with your final wishes that they are settled by binding arbitration without lawyers. Whatever you decide I hope you do a living trust to protect your assets from going through Probate, even if you have a very small estate.
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Format: Paperback Vine Customer Review of Free Product ( What's this? )
A living trust is an alternative to a will, one that avoids probate. The idea is simple. You create a trust by declaring yourself the "grantor" and "trustee," put value (money or property) into the trust, name the beneficiaries and someone to become trustee when you die, and there you have it. Of course, the process is more complicated than I've indicated, which is why Nolo has put out this 300+ page book.

The problem with any legal issue is the wrinkles that come about, and that fact seems to be especially true when it comes to life--and that's what wills and trusts are all about. Writing a valid will is very simple if you want to leave all your property to your spouse, for example, but if you want to put some aside for the child from a previous marriage, want to ensure that some of your money is set aside to educate the children of this marriage, and so on and so forth . . . then things get complicated. And when you add in the types of property--separate versus community, real estate, bank accounts, insurance policies, and so forth--things can get really complicated.

I would not recommend that someone with a complicated situation necessarily use this book to create a complex living trust, but I would recommend this book to just about anyone considering a living trust. The book is easy to read, divided into common-sense sections, and designed to be read by a layperson. In other words, there's no sentence in here that reads "The devisee must be of majority at the time of the establishment of the granting document provided horizontal privity exists in a case of non-mutual offensive collateral estoppel." (To be clear, that sentence is mostly gibberish using various legal terms from wills, contracts, property, and evidence law.
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Format: Paperback Verified Purchase
I've already used Mr. Clifford's book to establish our Living Trust. Straightforward, with easy to understand explanations, and downloadable forms that are compatible with my OpenOffice word processor. All this at a small fraction of what an attorney would cost!
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Format: Paperback Vine Customer Review of Free Product ( What's this? )
My grandfather recently passed away [June 3, 2013], through his passing I've watched my mother execute his will. With these recent events, this has gotten me to wake up and take care of my business. I never really wanted to think about my own death or what will happen to all the things I have accumulated over the years but I've come to realize that establishing a living trust is the best way to transfer my property to my beneficiaries.

The 11th Edition to Making Your Own Living Trust is an easy to read book. The book gives you an overview of living trusts, why living trusts are easy to set up, and all the ins and outs of how to set one up. The book also offers eForms and tear-out forms to assist in setting one up. Using this book, will help you to decide if a living trust is appropriate for you and your family. However, the key to it is learning how a living trust will let your family skip probate court; saving money, time, and effort.
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