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How to Avoid Probate by Creating a Living Trust by Gordon Mead Bennett Pdf
Learn how simple it is to create your own probate-avoiding, tax-saving living trust without the expense and double-talk of a lawyer. Find out: Why a living trust is better than a will, how to quickly and easily transfer assets into your trust, how married couples can double their estate tax exemption, the best way to name a gardian for your underage children, how to protect yourself and your assets in the case of physical or mental incapacity, how to assign financial and health care powers of attorney, and more.
Understanding Living Trusts by Vickie Schumacher,Jim Schumacher Pdf
Written in clear, conversational English, this book can help anyone understand how a living trust avoids the complications, expenses, and delays of probate at times of incapacity and death.
How to Set Up a Living Trust by Cormac D Benson Pdf
Safeguard Your Legacy, Simplify Your Future: How to Set Up a Living Trust by Cormac D. Benson The Easy-to-Understand Guide to Creating Your Own Living Trust and Avoiding Probate Planning for the future can feel overwhelming, but when it comes to your legacy, ensuring your wishes are met is crucial. How to Set Up a Living Trust by Cormac D. Benson cuts through the legal jargon and empowers you to take control with a simple, step-by-step approach to creating a revocable or irrevocable living trust. This comprehensive guide is your one-stop shop for navigating the world of living trusts. You'll gain the knowledge and confidence to: Understand the Benefits: Discover how a living trust can streamline the inheritance process, minimize probate costs, and protect your assets from potential challenges. Choose the Right Trust: Demystify the difference between revocable and irrevocable trusts and select the option that best suits your needs and goals. Navigate the Process with Ease: Follow Cormac's clear instructions as he walks you through every step of creating your trust, from naming beneficiaries to transferring assets. Feel Empowered and Secure: Gain peace of mind knowing your wishes will be carried out efficiently, minimizing stress for your loved ones during a difficult time. How to Set Up a Living Trust is more than just a guide; it's an investment in your family's future. Here's what sets this book apart: Written in Plain English: Forget complex legal jargon. Cormac uses clear, concise language to ensure every step is understandable, even for those with no prior legal experience. Actionable Steps: This book isn't just theory. It provides practical guidance with checklists, worksheets, and downloadable resources to keep you organized throughout the process. State-Specific Considerations: Gain valuable insights tailored to your state's laws, ensuring your trust is compliant and effective. Avoid Costly Mistakes: Empower yourself with the knowledge to potentially save thousands of dollars in probate fees and legal costs. Don't leave your legacy to chance. Take control of your future and protect your loved ones with a living trust. How to Set Up a Living Trust is your essential guide. Available for immediate purchas
Living Trusts for Everyone by Ronald Farrington Sharp Pdf
Readers say it best: "Very informative." "Saved me a lot of money and headaches!" "Recommend it for everyone who has to plan estates for their elderly parents" Living Trusts for Everyone is the best resource for setting up a living trust. Explaining in specific terms what benefits a trust will have, Ronald Farrington Sharp gives the tools necessary to set up a loved one’s trust with no lawyers and no expense. Wills benefit lawyers. Trusts benefit the clients. Too often lawyers sell wills to clients only to sit back and wait to sell their probate services to their clients’ heirs. Ronald Farrington Sharp describes the best way to handle modern estate planning and details the many advantages trusts have over wills in not only eliminating probate but in also protecting your assets for your heirs. Sharp explains why legal services are not needed to do the clerical work in settling a trust after death. This updated edition includes new information on an array of subjects, including: Elimination of the federal estate tax for most estates due to increased exemption amounts Online assets The use of passwords, usernames, and websites Keeping trustees honest and the process of removing trustees for malfeasance Forms for simplifying the planning process Strategies to lower attorneys’ fees With no legal jargon, just step-by-step instructions and sample form letters, Living Trusts for Everyone takes the mystery out of the process of setting up a trust.
". . . is unquestionably the layman's most nearly complete source on living trusts. . . . Recommended reading for anyone who wants to maximize his net estate left to heirs, speed asset distribution after death, avoid will challenges, minimize estate costs, and maintain privacy." -- Robert Bruss, Esq., and Nationally Syndicated Real Estate Columnist Chicago Tribune ". . . presents in clear, concise, and readable language what every person needs to know. I heartily recommend it as required reading for every caring husband, wife, parent--all those with an estate to pass along to heirs." -- Byron Countryman, Esq. Countryman and McDaniel Attorneys at Law, Los Angeles Why The Living Trust Is So Important You may think your heirs have been well provided for, but did you know that: Your loved ones may have to wait more than two years before receiving a penny from your estate--even though you have left a legally valid will? Costs of probating your will may eat up more than 10 percent of your estate-money your heirs will never receive? The specific instructions of your bequest may be contested or changed completely--even though clearly spelled out in your will? Once a will is probated, it becomes a matter of public record--anyone can access the information just by going to the courthouse and asking for your tile? A will cannot help you in life? If you become incapacitated or your judgment comes into question, it becomes a matter for the courts to decide and is, again, a very public process. A Living Trust is a simple, inexpensive legal alternative that eliminates the costs and delays of probate and ensures that your loved ones will receive their inheritance promptly and exactly as you intended. It is also the only estate planning tool that allows you to plan for your own incapacity or for avoiding competency hearings. When The Living Trust was published in 1989, it quickly became the bible on how to avoid probate. This updated edition includes information on the new IRA Q-TIP Trust, the Spousal and Family Support Trust, and the Family Limited Partnership. In addition, there is new material on the Charitable Remainder Trust (to preserve a large estate), the Gift Trust (to reduce the impact of inflation), protection for the handicapped, and a checklist of more than 150 "must" provisions that separate a good Living Trust from a bad one. Also included is up-to-date information about trusts for unmarried couples, placing assets in your trust, what should never be placed in your trust, and much, much more. A nationally recognized authority on Living Trusts, Henry W. Abts III is chairman and founder of The Estate Plan, the nation's oldest and largest Living Trust production corporation, responsible for creating more than 25,000 Living Trusts. A graduate of the University of Southern California, Abts holds a master's degree from the Stanford University Graduate School of Business.
How to Avoid Probate for Everyone by Ronald Farrington Sharp Pdf
Learn how to prepare your estate and avoid costly mistakes Want to avoid probate? Gleaned from his forty-four years as an estate attorney, Sharp describes the probate process and the many reasons why it should be your last resort in estate settlement methods in How to Avoid Probate for Everyone. Living trusts are important, but there are many alternatives to using a living trust for probate avoidance. These alternatives are explained step-by-step as Sharp delves into the details. Examples of such approaches include: While state laws vary, most allow for expedited procedures for low-value estates without having to create a trust. There are a dozen different ways of leaving assets to heirs automatically at death. Special types of deeds allow you to keep control of your real estate during lifetime yet transfer it to heirs automatically at death. There are several ways of titling vehicles that allow heirs to get them without court procedures. Beneficiary designations on bank and investment accounts keep them out of your probate estate. Joint ownership of accounts and real estate can solve inheritance problems. Common myths and misconceptions about estates and probate are debunked. Trusts are covered in detail, including a section on must-use trust provisions to cover common complications and showing how a trust can easily resolve these. Joint and single trusts are examined and issues, such as how to handle personal property items, are suggested. (For instance, who gets the piano?) By avoiding probate court-supervised adult guardianship and conservatorship, families can avoid embarrassing and time-consuming incompetency hearings in court. Samples of the described documents are also included to give the reader an idea of what the paperwork actually looks like. Sharp’s matter-of-fact explanations will prepare any reader to take the necessary steps to prepare their estate with confidence and avoid probate.
Make Your Own Living Trust & Avoid Probate by Estatebee Pdf
A revocable living trust is a type of trust created for the purpose of holding ownership of an individual's assets during that person's lifetime, and for distributing those assets after their death. This particular type of trust can be an excellent tool for solving a number of issues confronting individuals and families today, including the avoidance of probate, the management of property during periods of incapacity, the protection of property for beneficiaries who can't manage an inheritance on their own, protecting assets from disgruntled heirs, the elimination or minimization of federal estate taxes, and the assurance that personal affairs will remain private. This self-help legal book provides you with step-by-step instructions, detailed information and all the legal forms necessary to enable you to establish your own revocable living trust. ✔ Avoid Probate. ✔ Manage Your Property During Incapacity. ✔ Make Gifts to Your Loved Ones. ✔ Create Trusts for Young Beneficiaries.
Author : Henry W. Abts Publisher : McGraw Hill Professional Page : 436 pages File Size : 44,8 Mb Release : 2002-10-31 Category : Business & Economics ISBN : 0071423370
If you are concerned about estate planning you may be surprised that, even with a will, the probate system can eat up as much as 10 percent of an inheritance and delay the process two years. In The Living Trust, noted living trust authority Henry Abts presents a simple, inexpensive legal alternative that eliminates the costs and delays of probate and ensures that your loved ones will receive their inheritance promptly and exactly as you intended. This new edition has been completely updated to reflect the federal tax codes and up-to-the-minute developments in the legal system.
Did you know? If you plan carefully, your estate may not have to go through the process of probate. Probate can drag on for years, and can easily cost your family thousands of dollars--money that would otherwise have gone to them. 8 Ways to Avoid Probate offers simple and effective methods for skipping the probate process so that property goes directly to the intended beneficiaries. Using the simple, plain-English instructions, you'll learn how to create a savvy estate plan. Find out about: setting up payable-on-death accounts naming beneficiaries, including children, institutions, and multiple beneficiaries naming beneficiaries for retirement accounts, vehicles, real estate, and stocks and bonds special procedures for small estates holding property in joint ownership, and alternatives to joint ownership using a living trust to avoid probate making gifts of property and money This edition provides updates to estate and gift tax laws, updated 50-state tables on simplified probate, and additional information on how to bequeath real estate without probate--12 states now offer a special deed for just this purpose.
Understanding Living Trusts® by Vickie Schumacher Pdf
Updated for 2019! Hailed as America's best book on living trusts, it has been a favorite of consumers and professionals for more than 25 years. In clear, conversational English, the author explains problems with having a will, not having a will, joint ownership and beneficiary designations...and the many benefits of a living trust.