The Living Trust Revolution: Why America Is Abandoning Wills and Probate

Overview

Robert A. Esperti and Renno L. Peterson taught Americans how to properly plan for themselves, their spouses, their children, their grandchildren, and charities in their landmark book, Loving Trust. In this new book, The Living Trust Revolution, they offer a point-by-point comparison of wills and living trusts that debunks the commonly held beliefs that wills better serve average Americans and that they can reasonably accommodate their estate planning needs. There are shocking deficiencies in the American legal ...
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Overview

Robert A. Esperti and Renno L. Peterson taught Americans how to properly plan for themselves, their spouses, their children, their grandchildren, and charities in their landmark book, Loving Trust. In this new book, The Living Trust Revolution, they offer a point-by-point comparison of wills and living trusts that debunks the commonly held beliefs that wills better serve average Americans and that they can reasonably accommodate their estate planning needs. There are shocking deficiencies in the American legal system's approach to estate planning; The Living Trust Revolution exposes them and tells readers what they can do now to avoid problems - and probate - later on. The Living Trust Revolution is written in clear, straightforward language and specifically addresses the anxieties most of us have about protecting ourselves, our assets, and our loved ones from unreasonable fees, red tape, and putting ourselves under the control of nonfamily members. Authoritative and deeply reassuring, The Living Trust Revolution empowers readers to care for their loved ones now - and keep on caring for them in the future - with new confidence.

The authors of the immensely influential Loving Trust offer a readable, authoritative, and deeply reassuring look at a sane and simple alternative to traditional wills. This book is indispensable for anyone who wants to ensure his or her family's well-being.

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Editorial Reviews

Library Journal
This book makes a strong case for abandoning traditional estate planning techniques--wills and probate--in favor of establishing living trusts. The authors, both attorneys, claim that probate is anachronistic, slow, and expensive. They indict the legal community for clinging to wills out of habit, greed, and inertia and assert that a properly drafted revocable living trust is the best foundation for an effective estate plan. Esperti and Peterson outline the differences between living trusts and standard probate practices and present their point of view on the problems and complications of each. Among the topics covered are medicaid planning, tax considerations, transfer of assets, disability planning, and spousal rights. This is not a completely unbiased discussion, and the authors assume some familiarity with legal jargon and concepts. While not an essential purchase, it will be welcome in public and academic libraries with strong subject collections.-- Joan Pedzich, Harris, Beach & Wilcox, Rochester, N.Y.
Booknews
Two attorneys offer a point-by-point comparison of wills and living trusts and debunk the commonly held belief that wills better serve average Americans. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780670847143
  • Publisher: Penguin Publishing Group
  • Publication date: 11/1/1992
  • Pages: 400
  • Product dimensions: 6.38 (w) x 9.36 (h) x 1.62 (d)

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