| Description |
1 online resource (1 volume) |
| Contents |
How you established your living trust without a clear nderstanding of what it is and how it works -- What does the living trust do, and how does it do it? -- Do you really meed a living trust? -- Establishing your living trust -- Who should you select as the lifetime agent of your living trust? -- You can select your children as your after-death agent, but will they carry out your living trust's inheritance instructions? -- Functions of your living trust while both you and your spouse are alive -- The five concerns about the real estate you transferred to our living trust -- Should you tell your children about your living trust? -- Will you divert your deceased spouse's half of the living trust assets from your offspring? -- The power to change your deceased spouse's inheritance instructions ... or not! -- Dealing with your living trust if you remarry -- Dealing with the estate tax return, splitting the living trust assets, and other tax stuff that you would rather just ignore after your spouse dies -- Distribution of your living trust after both you and your spouse are dead -- Don't intentionally leave your children unequal inheritances -- The accidental unequal inheritace -- Don't make a child who owes you money a debtor to your other children -- Do not leave your child an outright inheritance -- Using your living trust to force your child into a conventional lifestyle -- The success of the Third-Party irrevocable protection trust (PUPPET) depends on whom you've selected as the Third Party -- Who are your grandchildren? -- The IRS is back! and this time, it's for real! -- Who pays the estate tax? -- Question and answer time! -- A random sampling of cautionary tales form the inheritance arena |
| Summary |
A comprehensive guide to living trusts, with expert financial and legal guidance The Living Trust Advisor is an expert guide for both advisors and their clients on the complex process of establishing, living with, and maintaining a living trust. Written by renowned family inheritance attorney Jeffrey L. Condon, this book discusses the various aspects of this important document, and shows you how to manage a seamless transfer of assets to various beneficiaries. This new second edition has been fully updated and revised to reflect the extensive changes to the Estate Tax Law that have taken place since the initial publication, giving you the most up-to-date information and guidance on preserving your wealth and helping your heirs avoid estate tax liability. You'll develop a vision for your trust before you ever meet with an attorney or other key players, and learn how to establish and maintain a trust that remains rock-solid for your lifetime and beyond. As the living trust has replaced the will as the primary means of settling after-death estates, clear guidance and current legal information is of utmost importance for advisors and clients alike. This book is a valuable resource for every stage of planning and execution, helping you ensure that you provide for your beneficiaries the way you intend. Know what to think about before your first meeting with a lawyer Establish and manage your living trust to carry out your wishes Identify potential inheritance problems and build solutions into the trust Distribute assets to future generations, and protect them after the transfer Dealing with complex financial and legal issues while facing our own mortality is a difficult task, but making these decisions is critical to the future outcome of your estate. The Living Trust Advisor expertly guides you through the process so you can be confident that your wishes will be carried out |
| Notes |
Includes index |
|
Print version record |
| Subject |
Living trusts -- United States -- Popular works
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Estate planning -- United States -- Popular works
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Estate planning
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Living trusts
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United States
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| Genre/Form |
Popular works
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| Form |
Electronic book
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| ISBN |
9781119093312 |
|
1119093317 |
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