Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates

Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates

by Ronald Farrington Sharp

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Overview

Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates by Ronald Farrington Sharp

Ronald Sharp explains trusts in clear and easy-to-understand language, including one truth that most lawyers don't want to admit: A trust is often better than a will and less costly! Wills benefit lawyers. Trusts benefit families. Without all of the technical jargon included in most law books, Living Trusts for Everyone highlights the benefits of trusts and how to avoid unnecessary legal expenses. Readers will find information on:

understanding the different types of trusts

how to fund a trust

the role of trustees and guardians

selecting an expert attorney to draft the trust

how much creation of a trust should cost

whether trust seminars are useful

who absolutely must have a trust

Not only can probate be avoided with trusts, but lesser-known advantages include easier asset management for children and disabled heirs, estate tax reduction, avoiding court-ordered conservatorship, and a simpler and less costly settlement process than with a will. Living Trusts for Everyone also gives readers the tools to settle trusts without involving lawyers and with little expense. Even readers who already have trusts can benefit by determining whether a trust is a good one or needs to be updated. The book also includes step-by-step instructions explaining what to do when the maker of a trust dies. Sample forms and letters assist the family in the settlement process.

Product Details

ISBN-13: 9781581156744
Publisher: Skyhorse Publishing
Publication date: 03/09/2010
Pages: 160
Sales rank: 247,605
Product dimensions: 5.40(w) x 8.40(h) x 0.60(d)

About the Author


Ronald Farrington Sharp is an attorney with offices in Michigan, now concentrating in and handling cases only in the areas of Trusts, Estate Planning, and Probate. Sharp established his firm in 1975. His company works closely on a referral basis with financial planners, insurance professionals, accountants and estate planners in developing a comprehensive estate plan package. For the first half of his career Mr. Sharp specialized in family law and divorce, in the past ten years gradually shifting the focus of the practice to estate planning. Since then, Mr. Sharp has personally prepared over three thousand trusts and estate plans. His first book with Allworth Press, Winning the Divorce War, was published in 1998, with a second edition in 2005. Ronald Sharp is married with three adult children and one grandchild and he divides his time between Michigan and Florida.

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