About the Book
Hailed as America’s best book on living trusts, Understanding Living Trusts® has been a favorite of consumers and professionals since 1988. This updated 7th edition, which replaces all previous editions, is current with 2018 tax laws and is the most comprehensive and up-to-date available. It is a must-read for individuals and families with all size estates, and makes an ideal gift for friends and grown children.
In these 302 easy-to-read pages, award-winning writer 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 explains how a living trust can give you maximum control, 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.
This book is also your 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.
Understanding Living Trusts® is filled with charts, examples, and checklists, including a Personal and Financial Organizer that will help you prepare to meet with your attorney. All of this education and preparation will save you considerable time and money. Instead of paying hundreds of dollars an hour for an attorney to educate you, you can learn the basics of estate planning and living trusts in the comfort of your own home, on your own time, for just the cost of this book.
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