{"id":837,"date":"2018-10-16T15:05:38","date_gmt":"2018-10-16T15:05:38","guid":{"rendered":"http:\/\/schumacherpublishing.com\/?page_id=837"},"modified":"2018-10-23T15:00:20","modified_gmt":"2018-10-23T15:00:20","slug":"table-of-contents-consumer","status":"publish","type":"page","link":"https:\/\/schumacherpublishing.com\/table-of-contents-consumer\/","title":{"rendered":"Consumer Table of Contents"},"content":{"rendered":"

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Part-One<\/a>\u00a0| Part-Two<\/a>\u00a0| Part-Three<\/a>\u00a0| Part-Four<\/a>\u00a0| Part-Five<\/a>\u00a0| Part-Six<\/a>\u00a0| Part-Seven<\/a>\u00a0| Part-Eight<\/a>\u00a0| Part-Nine<\/a><\/div>\n

GOOD PLANS CAN GO WRONG <\/strong>1<\/p>\n

Part One<\/h1>\n

WHY GOOD PLANS CAN GO WRONG<\/strong>7<\/p>\n

1. LOSING CONTROL WITH A WILL<\/strong>8<\/p>\n

A Will Does Not Avoid Probate When You Die 8<\/p>\n

A Will Does Not Prevent Court Control At Incapacity 17<\/p>\n

A Will\u2014And Minor Children (Or Grandchildren) 20<\/p>\n

Summary22<\/p>\n

2. LOSING CONTROL BY DOING NOTHING <\/strong>23<\/p>\n

3. LOSING CONTROL WITH JOINT OWNERSHIP <\/strong>24<\/p>\n

4. LOSING CONTROL BY GIVING AWAY ASSETS<\/strong>27<\/p>\n

5. LOSING CONTROL WITH BENEFICIARY DESIGNATIONS <\/strong>29<\/p>\n

SUMMARY<\/strong>30<\/p>\n

\n

Part Two<\/h1>\n

KEEPING CONTROL WITH A REVOCABLE LIVING TRUST <\/strong>31<\/p>\n

WHAT IS A REVOCABLE LIVING TRUST? <\/strong>31<\/p>\n

HOW A LIVING TRUST WORKS<\/strong>35<\/p>\n

HOW A LIVING TRUST IS SET UP<\/strong>40<\/p>\n

THE BENEFITS OF A LIVING TRUST FOR YOU AND YOUR FAMILY <\/strong>42<\/p>\n

WHAT A LIVING TRUST DOES NOT DO<\/strong>49<\/p>\n

ARE THERE ANY \u201cDISADVANTAGES\u201d OF A LIVING TRUST? <\/strong>51<\/p>\n

WHY HAVEN\u2019T LIVING TRUSTS BEEN USED MORE IN THE PAST? <\/strong>61<\/p>\n

SO WHY ARE LIVING TRUSTS SO POPULAR NOW?<\/strong>62<\/p>\n

 <\/p>\n

Part Three<\/h1>\n

THE ABCs OF A LIVING TRUST<\/strong><\/p>\n

How to Reduce\/Eliminate Estate Taxes, Provide for Your Spouse<\/strong><\/p>\n

Without Disinheriting Your Children, and More<\/strong>65<\/p>\n

EXPENSES THAT CAN REDUCE YOUR ESTATE<\/strong>65<\/p>\n

UNDERSTANDING ESTATE TAXES<\/strong>67<\/p>\n

LEAVING EVERYTHING TO YOUR SPOUSE <\/strong>73<\/p>\n

THE A-B LIVING TRUST SOLUTION <\/strong>76<\/p>\n

THE A-BAND NOW C<\/strong>92<\/p>\n

SUMMARY <\/strong>98<\/p>\n

\n

Part Four<\/h1>\n

PLANNING FOR YOUR LIVING TRUST <\/strong>99<\/p>\n

YOU MUST MAKE SOME BASIC DECISIONS<\/strong>100<\/p>\n

WHO WILL BE YOUR TRUSTEE? <\/strong>101<\/p>\n

WHO WILL BE YOUR SUCCESSOR TRUSTEE(S)?<\/strong>102<\/p>\n

SHOULD YOU CONSIDER A CORPORATE TRUSTEE? <\/strong>105<\/p>\n

ADDING A TRUST PROTECTOR <\/strong>110<\/p>\n

HOW TO PROVIDE FOR YOUR BENEFICIARIES <\/strong>111<\/p>\n

ESTATE PLANNING IS SUCCESSION PLANNING<\/strong>130<\/p>\n

IF YOU NEED MORE HELP MAKING DECISIONS <\/strong>132<\/p>\n

 <\/p>\n

\n

Part Five<\/h1>\n

 <\/p>\n

HAVING YOUR DOCUMENTS PREPARED<\/strong>133<\/p>\n

DO YOU NEED AN ATTORNEY? <\/strong>133<\/p>\n

HOW TO FIND THE RIGHT ATTORNEY<\/strong>135<\/p>\n

OTHER DOCUMENTS YOUR ATTORNEY SHOULD PREPARE <\/strong>145<\/p>\n

SUMMARY <\/strong>150<\/p>\n

\n

Part\u00a0Six<\/h1>\n

FUNDING YOUR LIVING TRUST<\/strong>151<\/p>\n

WHO WILL FUND YOUR TRUST? <\/strong>152<\/p>\n

HOW DIFFICULT IS THE FUNDING PROCESS?<\/strong>152<\/p>\n

HOW TO CHANGE TITLES AND BENEFICIARY DESIGNATIONS<\/strong>153<\/p>\n

Your Home, Real Estate, Land, Condominium, Etc.154<\/p>\n

Credit Cards, Notes You Owe 158<\/p>\n

Mortgages, Loans, And Notes Owed To You 159<\/p>\n

Checking, Saving, And Pay-on-Death Accounts 159<\/p>\n

Certificates Of Deposit 160<\/p>\n

What About FDIC Insurance? 160<\/p>\n

Credit Union Accounts 161<\/p>\n

Safe Deposit Box162<\/p>\n

Stocks\/Bonds\/Mutual Funds 163<\/p>\n

Savings Bonds 164<\/p>\n

Automobiles\/Boats\/Other Vehicles 165<\/p>\n

Personal Untitled Property 166<\/p>\n

Life Insurance 166<\/p>\n

Employer-Provided Insurance 167<\/p>\n

Sole Proprietorship 167<\/p>\n

Closely-Held Corporation 167<\/p>\n

Subchapter S Corporation 167<\/p>\n

Limited Partnership\/Corporations\/Limited Liability Companies 168<\/p>\n

General Partnership Interests 169<\/p>\n

Copyrights, Patents, And Royalties 169<\/p>\n

Oil And Gas Interests 169<\/p>\n

Club Memberships 169<\/p>\n

Foreign Assets 169<\/p>\n

ASSETS REQUIRING SPECIAL CONSIDERATION <\/strong>170<\/p>\n

Guns 170<\/p>\n

IRA, 401(k), 403(b), Pension, Profit Sharing, Keogh, And Other Tax-Deferred Plans 173<\/p>\n

Tax-Deferred Annuities 182<\/p>\n

Incentive Stock Options 182<\/p>\n

Section 1244 Stock183<\/p>\n

Professional Corporations 184<\/p>\n

\n

Part\u00a0Seven<\/h1>\n

THE FINAL STEPS TO YOUR PEACE OF MIND<\/strong>185<\/p>\n

ORGANIZE INFORMATION FOR YOUR FAMILY<\/strong>186<\/p>\n

CHANGING YOUR LIVING TRUST<\/strong>190<\/p>\n

MY SPOUSE IS INCAPACITATED. WHAT DO I NEED TO DO? <\/strong>192<\/p>\n

MY SPOUSE HAS DIED. WHAT DO I NEED TO DO?<\/strong>196<\/p>\n

I\u2019M THE SUCCESSOR TRUSTEE. WHAT ARE MY RESPONSIBILITIES?<\/strong>205<\/p>\n

I\u2019M THE SUCCESSOR TRUSTEE. WHAT DO I DO AT THE GRANTOR\u2019S INCAPACITY? <\/strong>206<\/p>\n

I\u2019M THE SUCCESSOR TRUSTEE. WHAT DO I DO AT THE GRANTOR\u2019S DEATH?<\/strong>210<\/p>\n

SUMMARY<\/strong>216<\/p>\n

\n

Part Eight<\/h1>\n

INCOME TAX ISSUES AFTER YOU DIE <\/strong>217<\/p>\n

INCOME TAX RATES FOR TRUSTS AND PROBATE ESTATES<\/strong>218<\/p>\n

PREVIOUS INCOME TAX DIFFERENCES BETWEEN TRUSTS AND PROBATE ESTATES<\/strong>219<\/p>\n

SUMMARY<\/strong>226<\/p>\n

\n

Part\u00a0Nine<\/h1>\n

ADDITIONAL PLANNING STRATEGIES<\/strong>227<\/p>\n

USING LIFE INSURANCE IN YOUR ESTATE PLAN<\/strong>228<\/p>\n

IRREVOCABLE LIFE INSURANCE TRUST<\/strong>231<\/p>\n

GIFT TAX PLANNING<\/strong>232<\/p>\n

INCOME TAX PLANNING <\/strong>236<\/p>\n

CHARITABLE REMAINDER TRUST<\/strong>239<\/p>\n

CHARITABLE LEAD TRUST <\/strong>239<\/p>\n

PRIVATE CHARITABLE FOUNDATION<\/strong>240<\/p>\n

OTHER FORMS OF CHARITABLE GIVING<\/strong>241<\/p>\n

Donor Advised Fund 241<\/p>\n

Pooled Income Fund241<\/p>\n

Gift Annuity 242<\/p>\n

Life Estate 242<\/p>\n

Conservation, Mineral, And\/Or Use Rights 242<\/p>\n

Personal Property 242<\/p>\n

Insurance 243<\/p>\n

Qualifying The Charity\/Finalizing The Gift 243<\/p>\n

LIMITED LIABILITY COMPANY (LLC) AND FAMILY LIMITED PARTNERSHIP (FLP)<\/strong>244<\/p>\n

QUALIFIED PERSONAL RESIDENCE TRUST <\/strong>245<\/p>\n

GRANTOR RETAINED ANNUITY TRUST (GRAT) AND GRANTOR RETAINED UNITRUST (GRUT)<\/strong>245<\/p>\n

BUSINESS SUCCESSION PLANNING <\/strong>246<\/p>\n

ASSET PROTECTION PLANNING <\/strong>248<\/p>\n

LAND TRUST <\/strong>250<\/p>\n

PLANNING FOR THE GENERATION-SKIPPING TRANSFER TAX <\/strong>251<\/p>\n

DYNASTY TRUST <\/strong>253<\/p>\n

QUALIFIED DOMESTIC TRUST<\/strong>254<\/p>\n

SUMMARY <\/strong>256<\/p>\n

\n

Part\u00a0Ten<\/h1>\n

THE PERSONAL AND FINANCIAL ORGANIZER<\/strong>257<\/p>\n

INSTRUCTIONS FOR COMPLETING THE PERSONAL AND FINANCIAL ORGANIZER<\/strong>257<\/p>\n

THE ORGANIZER <\/strong>267<\/p>\n

IN CONCLUSION <\/strong>273<\/p>\n

DEFINITIONS<\/strong>274<\/p>\n

INDEX<\/strong>283<\/p>\n

SPECIAL OFFERS FOR PROFESSIONALS <\/strong>289<\/p>\n

SPECIAL SAVINGS ON UNDERSTANDING LIVING TRUSTS\u00ae <\/strong>290<\/p>\n

Return to Top<\/a><\/div>\n

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Call Toll Free (800) 827-7941 \u00a9 Copyright 2018 Schumacher Publishing, LLC. All rights reserved”<\/p>\n

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\u00a0 Part-One\u00a0| Part-Two\u00a0| Part-Three\u00a0| Part-Four\u00a0| Part-Five\u00a0| Part-Six\u00a0| Part-Seven\u00a0| Part-Eight\u00a0| Part-Nine GOOD PLANS CAN GO WRONG 1 Part One WHY GOOD PLANS CAN GO WRONG7 1. LOSING CONTROL WITH A WILL8 A Will Does Not Avoid Probate When You Die 8 A Will Does Not Prevent Court Control At Incapacity 17 A Will\u2014And Minor Children (Or […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-template-blank.php","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/schumacherpublishing.com\/wp-json\/wp\/v2\/pages\/837"}],"collection":[{"href":"https:\/\/schumacherpublishing.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/schumacherpublishing.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/schumacherpublishing.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/schumacherpublishing.com\/wp-json\/wp\/v2\/comments?post=837"}],"version-history":[{"count":7,"href":"https:\/\/schumacherpublishing.com\/wp-json\/wp\/v2\/pages\/837\/revisions"}],"predecessor-version":[{"id":1161,"href":"https:\/\/schumacherpublishing.com\/wp-json\/wp\/v2\/pages\/837\/revisions\/1161"}],"wp:attachment":[{"href":"https:\/\/schumacherpublishing.com\/wp-json\/wp\/v2\/media?parent=837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}