Make Your Own Living Trust

Front Cover
Nolo, 2009 - Law - 368 pages
3 Reviews
Living trusts made simple! Protect your family with this bestselling book.
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 (also known as a marital trust or bypass 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 and on CD-ROM -- to create your own trust, plus step-by-step instructions for filling them out. Completely updated and revised, the 9th edition covers the latest laws and information about federal and state estate taxes.
Good in all states except Louisiana.
  

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Review: Make Your Own Living Trust [With CDROM]

User Review  - Anne Shirako - Goodreads

With this book, I have all the information I need to create my own living trust. It's not hard or time consuming either. Using the accompanying CD, I've got all of the forms I need without searching online for downloads. Great resource. Read full review

Contents

Overview of Living Trusts
3
Living Trusts Explained
4
Probate and Why You Want to Avoid It
6
Avoiding Probate
7
Reducing Estate Taxes
8
Other Advantages of a Living Trust
9
Possible Drawbacks of a Living Trust
11
Human Realities and Living Trusts
13
Transferring Property to Your Trust
153
Paperwork
154
Technical Ownership
156
Real Estate
160
Bank Accounts and Safe Deposit Boxes
164
Vehicles Boats and Planes
165
Limited Partnerships
166
Royalties
167

Leaving Unequal Amounts of Property to Children
14
Second or Subsequent Marriages
15
Single People
16
SameSex Couples
17
Communicating Your Decisions to Family and Friends
18
Common Questions About Living Trusts
19
Does Everyone Need a Living Trust?
21
If I Prepare a Living Trust Do I Need a Will?
22
how Can I Leave Trust Property to Children and Young Adults?
23
Will My Living Trust reduce Estate Taxes?
24
Do I Need a Catastrophic Illness Clause in My Trust?
25
Can I Place real Estate in a Living Trust?
27
Can I Sell or Give Away Trust Property While Im Alive?
29
Who Must Know About My Living Trust?
30
What About Free Living Trust Seminars?
31
What Type of Trust Do You Need?
33
If You Are Single
34
If You Are Part of a Couple
35
Basic Shared Living Trusts
36
TaxSaving AB Trusts
39
Choosing One of Nolos AB Trusts
46
Nolos TaxSaving AB Trusts
51
The Size of Your Estate
52
how Nolos AB Trusts Work
53
Alternatives to Nolos AB Trusts
60
Choosing What Property to Put in Your Living Trust
63
Listing the Property to Be Put in Your Trust
64
Property You Should Not Put in Your Living Trust
65
Property You Can Put in Your Living Trust
67
Marital Property Laws
72
Completing the Property Worksheet
75
Trustees
83
The Initial Trustee
84
The Trustee After One Spouses Death or Incapacity
85
Choosing Your Beneficiaries
93
Kinds of Trust Beneficiaries
95
Naming Your Primary Beneficiaries
96
Simultaneous Death Clauses
98
Some Common Concerns About Beneficiaries
100
Naming Alternate Beneficiaries
102
Residuary Beneficiaries
104
Disinheritance
105
Putting Conditions on Beneficiaries
108
Property That Is No Longer in Your Trust at Your Death
109
Property Left to Minor Children or Young Adults
115
Property Management Options
116
Childs Trust or Custodianship?
117
TaxSaving Educational Investment Plans
118
Childs Trusts
119
Custodianships
122
Preparing Your Living Trust Document
125
Choosing the right Trust Form
126
StepbyStep Instructions
127
Prepare Your Final Trust Document
151
Sign Your Living Trust in Front of a Notary
152
Copying Storing and Registering Your Trust Document
169
Making Copies
170
registering the Trust
171
Living With Your Living Trust
173
Adding Property to Your Living Trust
174
When to Amend Your Living Trust Document
175
Who Can Amend a Living Trust Document
178
How to Amend Your Trust Document
179
Revoking Your Living Trust
181
After a Grantor Dies
183
Who Serves as Trustee After the Grantors Death
184
The Trustees Duties
185
Transferring Property to Beneficiaries
191
Preparing and Filing Tax returns
194
Administering a Childs Trust
195
A Living Trust as Part of Your Estate Plan
197
Using a Backup Will
198
Federal Gift and Estate Taxes
206
State Taxes
211
Planning for Incapacity
212
LongTerm Trusts to Control Property
213
Wills
215
Why Prepare a Backup Will?
216
PourOver Wills
217
Avoiding Conflicts Between Your Will and Your Living Trust
218
Filling in the Will Form
219
Signing and Witnessing Your Will
220
If You Need Expert Help
225
Hiring a Lawyer to review Your Living Trust
226
Lawyer Fees
228
Glossary
231
How to Use the CDROM
237
Installing the Form Files Onto Your Computer
238
Files on the CDrOM
240
TearOut Forms
241
Basic Living Trust for One Person
243
Basic Shared Living Trust
255
AB Living Trust
273
AB Disclaimer Living Trust
293
Witness Statement for a Florida Living Trust
313
Assignment of Property to a Trust for One Person
315
Assignment of Shared Property to a Trust for a Couple
317
Amendment to Living Trust for One Person
319
Amendment to Basic Shared Living Trust or AB Trust
321
Revocation of Living Trust
323
Basic Will for One Person
325
Basic Will for a Member of a Couple
329
Affidavit of Successor Trustee
333
Property Worksheet
335
Individual Living Trust
341
Basic Shared Living Trust
343
AB Trust
345
Index
347
Copyright

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About the author (2009)

Denis Clifford, a graduate of Columbia Law School, where he was an editor of The Law Review, is a lawyer who specializes in estate planning. He is the author of many Nolo titles including Quick & Legal Will Book and Nolo's Simple Will Book and co-author of Plan Your Estate and A Legal Guide for Lesbian and Gay Couples. He has been interviewed by such major media as The New York Times, Los Angeles Times, and Money Magazine.

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