Product description
Death may be inevitable, but probate doesn't have to be. By creating a living trust, your property will bypass lengthy and expensive probate proceedings and go directly to the people you've designated, quickly and easily. Make Your Own Living Trust explains how to create a living trust, transfer property to the trust and amend or revoke the trust at any time. Specifically, it covers how to: *create various living trusts, including an AB trust *transfer assets to your trust, including real estate, stocks and bonds, jewelry, art, or a small business *name beneficiaries for all trust property *sign your document and make it legal *appoint someone to manage property left to minors or young adults *provide for trust property management if you become incapacitated *retain absolute control over trust property while you live Make Your Own Living Trust includes all the forms you need -- as tear-outs or on CD-ROM -- to create your own trust, plus step-by-step instructions for filling them out. Completely updated and revised, the 5th edition covers new estate tax laws and how they affect estate planning. It also discusses making a trust the beneficiary of retirement accounts and life insurance, and provides more information on AB trusts. Good in all states except Louisiana.
Most of us know that upon our demise, a succession of fees and taxes will eat into our estates--no matter their size--if we don't plan now to protect them. Unfortunately, many of us still postpone this process because we hesitate to summon the outside legal assistance that's traditionally been required. The folks at Nolo Press have made it their mission to provide us with the means to complete a relatively uncomplicated official arrangement like this without lawyers, however, and their third edition of Make Your Own Living Trust offers hope even to the most hesitant among us. With easy-to-follow instructions, helpful worksheets, and all of the forms necessary, attorney Denis Clifford shows both individuals and couples how to avoid otherwise inevitable delays and costs by preparing on their own to transfer their property directly to their designated heirs. Clifford's method involves the creation of a "living trust," which is a basic legal entity that allows property to be simply passed along in this way immediately upon the death of the person who created it. He outlines advantages and drawbacks, and then clearly lays out the entire process. The excuses stop here. --Howard Rothman
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