The Complete Book of Trusts

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Wiley, Aug 25, 1997 - Business & Economics - 320 pages
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As one of the most powerful and flexible financial planning tools available, trusts can help you achieve several important goals, from minimizing estate taxes to avoiding probate and managing assets in the event of death or disability. This thoroughly updated and expanded edition of The Complete Book of Trusts offers a comprehensive overview that includes essential details on how you can best use trusts to meet the goals of your particular choice.

Covering 50 different types of trusts —including charitable remainder, credit shelter, and revocable living —this complete reference provides the guidance you need to determine which are the right trusts for you. Then, this indispensable resource takes you step by step through the entire process of setting up, managing, and terminating trusts. Along with an easy-to-understand introduction to trust basics, including provisions, trustee designations, and grantor's rights, here's where you'll find:

  • Important details on the new Disclaimer Credit Shelter Trust
  • Expanded coverage of Qualified Personal Residence Trusts (QPRTs), Grantor Retained Annuity Trusts (GRATs), Grantor Retained UniTrusts (GRUTs)
  • Vital information on the tax consequences of trusts
  • Clear descriptions of trusts for specific types of assets
  • And much more!

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Contents

Planning for the Gift and Estate Taxes
83
Planning for the GenerationSkipping Transfer Tax
105
How Trusts and Beneficiaries Are Taxed
125
Copyright

14 other sections not shown

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About the author (1997)

MARTIN M. SHENKMAN, JD, CPA, MBA, is an attorney specializing in estate planning and personal finance. He is the author of 22 books, including How to Buy a Home with No (or Little) Money Down and Real Estate After Tax Reform, both published by Wiley.

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