AARP The Living Trust Advisor: Everything You Need to Know about Your Living Trust

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John Wiley & Sons, Dec 20, 2011 - Business & Economics - 256 pages
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Many of us spend a lifetime building wealth and accumulating assets, but fail to properly plan how all of this will be passed on once we are gone. And while dealing with complex financial issues such as inheritance and estate taxes forces us to face our own mortality, making these difficult decisions is something we all need to do.

Living trust attorney and bestselling author Jeffrey Condon is extremely familiar with these types of situations and understands the importance of a living trust in an increasingly uncertain world. Now, with The Living Trust Advisor, he skillfully discusses the various aspects of this document and details how it can provide a seamless transfer of assets to your spouse, children, and other beneficiaries after you are gone.

Written in a straightforward and accessible style—and peppered with Condon's trademark humor—The Living Trust Advisor puts the living trust in perspective and walks you through the four life phases associated with it. Page by page, this practical guide will help you:

  • Address the numerous issues that should be considered before first meeting with a living trust lawyer and other key players in this arena
  • Establish and manage your living trust over the course of your life as well as prepare it to carry out your financial wishes once you and your spouse have passed on
  • Identify potential inheritance problems now, so you can build solutions into your living trust before it's too late
  • Distribute living trust assets to future generations and protect those assets once the transfer is complete
  • And much more

Throughout the book, Condon provides you with real-world examples that illustrate key points or clarify particular concepts. While many of these examples are drawn from Condon's professional relationship with clients, some anecdotes are associated with his personal experiences in this field.

If you've picked up this book, then you're probably thinking about putting together a living trust. Or, perhaps you already have a living trust and you're looking to revisit it. Whatever your reasons, this reliable resource contains the straightforward advice and practical insights you need to create and maintain a living trust that will ensure your final financial wishes are carried out in full.


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Title Page
How You Established Your Living Trust Without a Clear
Its an AfterDeath Power of Attorney but Its
Putting Your House in Joint Tenancy with Your Child Is This Side
Who Should You Select as the Lifetime Agent of Your Living
You Can Select Your Children as Your AfterDeath Agent
Either You or Your Spouse No Longer Acts as a CoTrustee
You Live You Learn
Consequences of the Unforgiven Loan
Do Not Leave Your Child an Outright Inheritance OR IM
Using Your Living Trust to Force Your Child into
Who Are Your Grandchildren? OR DO YOU REALLY WANT
The NotSoGood News
Who Pays the Estate Tax? OR DONT MAKE ONE PERSON
Question and Answer Time OR TAKE THE OPPORTUNITY

Should You Tell Your Children about Your Living Trust?
The Power to Change Your Deceased Spouses Inheritance
Divide and Conquer
Dont Intentionally Leave Your Children Unequal lnheritances
A Random Sampling of Cautionary Tales from the Inheritance
Keep Your Opinions to Yourself If You Want to Inherit

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