Understanding Living Trusts, seventh edition.
Understanding Living Trusts, seventh edition
Schumacher Publishing, LLC
9780945811282, $29.95, PB, 288pp, www.amazon.com
Synopsis: Now in a fully updated seventh edition that includes all of the 2016 tax law changes, "Understanding Living Trusts" is an essential do-it-yourself guide for individuals and families with all size estates. Estate and trust expert Vickie Schumacher explains in clear, conversational English how you can lose control when you have a will; when you have no plan; when you use joint ownership; when you give away assets; and when you rely on beneficiary designations. She then goes on to explain just how a living trust can give you maximum control of your financial legacy, both at incapacity and after you die; the many benefits beyond avoiding probate; and why a living trust meets the needs of today's families far better than any other estate plan.
"Understanding Living Trusts" also provides instruction on creating your own personal action plan for having a living trust. You will learn what a living trust is, how it works, and the steps you'll need to take to set up one; what to consider when deciding how you want your loved ones to inherit from you; how to find the right attorney to prepare your living trust; how to organize information your family will need; and step-by-step instructions for your family if you become incapacitated and after you die.
Critique: Enhanced with a profusion of charts, examples, and checklists, including a Personal and Financial Organizer that will help you prepare to meet with your attorney, "Understanding Living Trusts " has the added benefit of saving you considerable time and money by avoiding the necessity to have an attorney. While very highly recommended for personal and community library Money/Finance instructional collections, it should be noted that anyone can visit www.livingtrust.com for a free special report.