Living Trust Kit Enodare 9781906144401 Books
Download As PDF : Living Trust Kit Enodare 9781906144401 Books
Due to increased media attention, most of us are now aware of the substantial costs and delays associated with probate. Fortunately, these problems can be avoided by simply creating a living trust.
A living trust is a trust used for the purpose of avoiding probate. They are easy to set up and simply involve completing and signing a trust agreement in which you name yourself as both grantor (creator of the trust) and trustee. Once the trust is set up, you then transfer some or all of your assets to it. As trustee, you then take over management of the trust assets. When you die, the assets are distributed to the beneficiaries named in the trust agreement. However, as the assets are held in the trust's name rather than in your personal name, they will not form part of your probate estate and therefore do not need to go through probate. This allows for the assets to be distributed quickly after your death.
This self-help kit provides you with step-by-step instructions, detailed information and all the legal forms necessary to help you create your own revocable living trust and avoid probate.
- Avoid probate
- Manage your property during incapacity
- Make gifts to your loved ones
- Create trusts for young beneficiaries
Living Trust Kit Enodare 9781906144401 Books
This book is comprehensive enough to allow me to write up my own Trust. The word "Trust" implies just that; Trust! And, as such does not require an attorney to draft, though legal advise might well be necessary for some people, especially if their family assets are complex.
The key in drafting a Living Trust is to make sure real property gets included (is transferred into the trust), and that eventual distributions are clearly spelled out. Beyond that, and possibly a Spill Over Trust, a simple Will can augment it, though for me, a Trust can be all inclusive if properly drafted.
This Living Trust book was worth its price to me, but then, I didn't pay anywhere near retail!
Product details
- Paperback 130 pages
- Publisher Enodare (April 30, 2011)
- Language English
- ISBN-10 1906144400
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Living Trust Kit Enodare 9781906144401 Books Reviews
Has lots of detailed information and gives an excellent overview of making a living trust. Also includes lots of useful forms.
good kit thanks
This book and the enclosed cd were a tremendous help in building and finalizing my trust. Wonderful, very helpful book and CD.
Easy to read and understand! Helpful in a confusing legal world. I am well on my way to creating my own trust.
Made things easier
Excellent book. I have decided to replace my will with a living trust to spare my family the expense and hassle probating his simple and straight forward will has been for me. This book sets it all out neatly and clearly.
Great, Easy to use and follow.
This book is comprehensive enough to allow me to write up my own Trust. The word "Trust" implies just that; Trust! And, as such does not require an attorney to draft, though legal advise might well be necessary for some people, especially if their family assets are complex.
The key in drafting a Living Trust is to make sure real property gets included (is transferred into the trust), and that eventual distributions are clearly spelled out. Beyond that, and possibly a Spill Over Trust, a simple Will can augment it, though for me, a Trust can be all inclusive if properly drafted.
This Living Trust book was worth its price to me, but then, I didn't pay anywhere near retail!
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