How to Settle Your Living Trust: How You Can Settle a Living Trust Swiftly, Easily, and Safely
Praise for Henry W. Abts III's Previous Book: "Unquestionably the layman's most nearly complete source on living trusts. . . . Recommended reading for anyone who wants to maximize his net estate left to heirs, speed asset distribution after death, avoid will challenges, minimize estate costs, and maintain privacy." -- Robert Bruss, Esq. Nationally Syndicated Real Estate Columnist Chicago Tribune "Presents in clear, concise, and readable language what every person needs to know. I heartily recommend it as required reading for every caring husband, wife, parent-all those with an estate to pass along to heirs." -- Byron Countryman, Esq. Countryman and McDaniel Attorneys at Law, Los Angeles From bestselling author Henry W. Abts III comes this comprehensive guide to protecting your estate for your heirs. How to Settle Your Living Trust provides you with everything you need to know to distribute Trust assets, understand the legal and financial aspects of Trusts, properly handle asset valuation, get protection in special circumstances, avoid unnecessary taxes and legal fees, and more. Samples and explanations of all the necessary documents--durable power of attorney for health care or general asset competency clause, living will, etc.--are included, as are the "key" rules and methods for organizing all financial information. Sample (filled-in) IRS tax forms are included to show the reader how to satisfy the IRS Trust settlement requirements. A must-have guide and reference, this book brings you peace of mind if you are interested in ensuring that your estate is passed on promptly and correctly. How to Settle Your Living Trust offers pertinent advice for surviving family members, as well as attorneys and accountants. It includes:
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A-B Trust amount and/or C sub-trust asset allocation attorney capital gains tax Chapter community property cost basis current market value date of death Debt Payment Power dece deceased decedent's B sub-trust decedent's estate decedent's federal estate Decedent's separate property distributed Estate Assets Home Estate Plan estate tax exemption federal estate tax full stepped-up valuation GPOA heirs income tax Income Tax Return individual inheritance taxes IRA funds IRA owner Jones large IRA Living Trust marital assets marriage Married A-B Married A-B-C Trust married couple Married IRA-QTIP Trust pass percent Power of Appointment probate property Survivor's separate real estate receive stepped-up valuation receives full stepped-up Roth IRA Roth Legacy TrustSM second spouse separate property IRA separate property Survivor's spouse's A sub-trust spouse's estate spouse's separate property sub-trust and/or successor trustees surviving spouse survivor's A sub-trust Survivor's separate property Table tion traditional IRA Trust assets trustors viving spouse withdrawals