Overview

Most people have heard of living trusts but have only a vague idea about what trusts are and whether they really need one. This book explains how trusts work and who should use them, and it gives you all of the forms and instructions you need to make one yourself.

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9781413330571

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There are important differences between the trust-mill approach and that of such well-respected products as Nolo's Make Your Own Living Trust. The Wall Street Journal A do-it-yourself manual with checklists, step-by-step procedures, worksheets and forms. The Los Angeles Times If you think you can prepare your own living trust, Make Your Own Living Trust is an excellent reference. Chicago Tribune For residents of all states except Louisiana, Clifford, an estate planning attorney and author, explains how to create a living trust without a lawyer. He describes probate, estate taxes, and the advantages and drawbacks of a living trust; aspects like leaving unequal amounts to children, second or subsequent marriages, disinheriting a child, communicating decisions to family and friends, and trusts for single people and unmarried and same-sex couples; and common questions related to estate taxes, gift taxes, creditors, real estate, and other topics. He discusses types of trusts; the tax-saving AB trust; choosing property to put in the trust; trustees; choosing beneficiaries; property left to minor children or young adults; preparing the trust document; transferring property to the trust; copying, storing, and registering the document; adding or selling property, amendments, and revoking the trust; what happens after the grantor dies; other aspects of estate plans, such as backup wills, taxes, planning for incapacity, and other probate-avoidance methods; wills; and getting help from lawyers. This edition has been updated, and forms and worksheets are included in the book and online. Eithne O'Leyne, Editor Ringgold, Inc. ProtoView

Author Information

Denis Clifford is an estate-planning attorney in Berkeley, California. He graduated from Columbia Law School, where he was an editor of the Law Review. He has practiced law in various ways, including representing poor people as a Legal Services Attorney and private practice. He learned that many people can do their own legal work if all that is involved is creating valid documents, rather than litigation. He is the author of many Nolo titles, including Plan Your Estate.

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