Download PDF The Living Trust : The Failproof Way to Pass Along Your Estate to Your Heirs
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The Living Trust : The Failproof Way to Pass Along Your Estate to Your Heirs
Download PDF The Living Trust : The Failproof Way to Pass Along Your Estate to Your Heirs
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From the Back Cover
The Bible on How to Avoid Probate, Revised and Updated "[The Living 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 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? 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 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. The Living Trust―the bible of how to avoid probate―will show you how to take full advantage of this critical estate-planning tool. This updated edition of The Living Trust includes the latest information on trust formations, tax changes, distribution rules, and more. It also offers: Insight into abuses within the probate system Advice on how to protect your business, savings, and retirement funds from frivolous lawsuits The effects of the Economic Growth and Tax Reconciliation Act of 2001 on estate tax, gift tax, the generation-skipping tax, and stepped-up valuation Sample and ancillary documents, including the estate preservation and tax-saving documents, the living will, and costs of living trust, all updated to reflect the latest tax changes and living trust requirements
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About the Author
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 60,000 living trusts.
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Product details
Paperback: 432 pages
Publisher: McGraw-Hill Education; 3 Revised edition (October 9, 2002)
Language: English
ISBN-10: 9780071387095
ISBN-13: 978-0071387095
ASIN: 0071387099
Product Dimensions:
8.7 x 0.9 x 11 inches
Shipping Weight: 2.2 pounds (View shipping rates and policies)
Average Customer Review:
4.2 out of 5 stars
53 customer reviews
Amazon Best Sellers Rank:
#248,943 in Books (See Top 100 in Books)
I was interested in getting an living trust about ten years ago. After visiting three living trust seminars,I came to the conclusion that the lawyers making the presentation probably knew less about living trusts than I did, which was not much although I had taken a course in Wills, Trusts and Estates in my undergraduate years. So I came to the conclusion that I'd better get self-educated fast. I didn't want some highly educated lawyer "going to school" on my money. I searched libraries and book stores for months for "how to do it " books and finally discovered Abts book. While a bit on the "wordy" side with side stories, I found it to be what I believed to be a sound common sense approach to the subject. I signed on with Abts Estate Plan and have all my property titled in the trust. I was also delighted to learn that Abts organization sends out a "newsletter" from time to time regarding changes in trust law. I heartly recommend this book.
This book is full of great ideas. I am learning about creating a living trust for my husband and I so that our children will not be left with the mess that my brother left for my sister & I. Probate through the court system is NOT fun. The length of time it takes costs a lot of time and effort. I really feel sorry for those who are not left enough to bury their loved ones and take care of an estate.This book is full of information of the many pitfalls ahead of us. Those of us who are of an older generation have a few more pitfalls over our heads as our brains take a little longer to adjust. Needless to say give yourself plenty of time and seek necessary help with the tricky pitfalls.
It is SO sad that most people have been brainwashed into thinking a Will is the best way to go in asset allocation. A Living Trust is better by far and it's a travesty that lawyers talk people out of them - since they don't get paid on Trusts - hum.......... If most people knew the difference between the two - there would be few Wills written! Mr. Abts makes it easy to understand and as plain as it can be for anyone interested in this form of wealth preservation. Recommend this book - HIGHLY!!!It was also a pleasure to deal with Hippo_Books. There was a slight issue with my order and they stepped up, took care of the situation and left me as a happy customer. They really cared and it was very much appreciated!!
Excellent excellent book - I'm aware of no better on the topic. I would have given 5 stars if it was revised. Personally I don't find the topic of estate planning overly interesting, but just because it's not exciting, doens't mean it isn't necessary if you want to maximize your legacy. The core writing is exceptional, but it's been several years since the book was written and would be great if it was revised to reflect any changes that have occurred over the last several years. Other than that I still thought it was an exceptional read.
The Living Trust is in the third edition printing...if the Congress decides what it is going to do for the country a Fourth Edition of this planning guide would/could be well along!Henry Abts does not like attorney's and his illustrations show why he does not. The Book is a good read on a subject that more people could take advantage of to save money by avoiding probate. The description of probate, and the costs associated with taking an estate through probate are enough to encourage anyone with a choice to AVOID Probate!The appendix section is a good read by itself with a question/answer format.As soon as an update is published, I will buy that...but I don't know the schedule!
Abts was one of the first writing about the need to have a "Living Trust" and discussions about the time frame and the costs of passing on with out having a Trust cover the appendix of this book. Not the most current, but good for the "basics" needed to carry on a discussion about planning for a Trust. Henry did not like attorneys! If you can get past that there is a lot of information to be gleaned from this book. I like the appendix sections the best, but the whole book is good, but a little slow in the front...
I read this book and it was just what I needed to lean all about the purpose and need for living trusts. If you are thinking about your estate planning this book is definitey a good read and very informative. I called the number mentioned in the book for a referral but no one ever got back to me. I found that very strange as the entire book is based on useing a trust professional certified by the author. Despite this, the book is very interesting and you will probably get all the information you need in regard to the subject matter. I am glad I purcheased this book and I can now say I know a lot about the need for living trusts and how to get one that meets my estate planning needs.
This book is the only book you need to learn and construct your trust. I worked for an attorney who offered affordable trusts and suggested that you purchase this book along with his trust and after I read it cover to cover for my self. I found it to be the best I've ever read.
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