Living Trusts for Everyone: Why a Will Is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates (Second Edition)

Living Trusts for Everyone: Why a Will Is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates (Second Edition)

by Ronald Farrington Sharp

Paperback(Second Edition)

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Readers say it best: "Very informative." "Saved me a lot of money and headaches!" "Recommend it for everyone who has to plan estates for their elderly parents"

Living Trusts for Everyone is the best resource for setting up a living trust. Explaining in specific terms what benefits a trust will have, Ronald Farrington Sharp gives the tools necessary to set up a loved one’s trust with no lawyers and no expense.

Wills benefit lawyers. Trusts benefit the clients. Too often lawyers sell wills to clients only to sit back and wait to sell their probate services to their clients’ heirs. Ronald Farrington Sharp describes the best way to handle modern estate planning and details the many advantages trusts have over wills in not only eliminating probate but in also protecting your assets for your heirs. Sharp explains why legal services are not needed to do the clerical work in settling a trust after death. This updated edition includes new information on an array of subjects, including:
  • Elimination of the federal estate tax for most estates due to increased exemption amounts
  • Online assets
  • The use of passwords, usernames, and websites
  • Keeping trustees honest and the process of removing trustees for malfeasance
  • Forms for simplifying the planning process
  • Strategies to lower attorneys’ fees

With no legal jargon, just step-by-step instructions and sample form letters, Living Trusts for Everyone takes the mystery out of the process of setting up a trust.

Product Details

ISBN-13: 9781621535676
Publisher: Allworth
Publication date: 03/21/2017
Edition description: Second Edition
Pages: 192
Sales rank: 228,927
Product dimensions: 5.50(w) x 8.10(h) x 0.70(d)
Age Range: 18 Years

About the Author

Ronald Farrington Sharp is an attorney who concentrated on family law and divorce for the first half of his career before gradually shifting the focus of his practice to the areas of trusts, estate planning, and probate. The firm he established in 1975 works closely on a referral basis with a variety of professionals in developing a comprehensive estate plan package. Sharp has personally prepared more than three thousand trusts and estate plans, and he is also the author of Winning the Divorce War (Allworth Press). He is married, has three adult children and one grandchild, and divides his time between Michigan and Florida.

Table of Contents

Preface to the Second Edition vii

Introduction xiii

Chapter 1 Trusts and Wills Defined 1

Chapter 2 You Must Have a Trust If… 11

Chapter 3 A Comparison: Trusts and Wills 25

Chapter 4 Trust Seminars: A Free Meal, But at What Cost? 33

Chapter 5 Watch Out for Attorneys 39

Chapter 6 Trustees 53

Chapter 7 Making Your Trust Work: Funding 61

Chapter 8 Instructions to You as the Grantor and Trustee 69

Chapter 9 You Do Not Need a Trust If… 73

Chapter 10 The Many Types of Trusts 79

Chapter 11 Problems with Trusts 85

Chapter 12 Guardians, Powers of Attorney, and Other Documents 91

Chapter 13 Trustee Instructions for Death or Disability of the Trust Owner 101

Appendix A Forms and Form Letters 127

Appendix B Short Form: Guide to Trust Funding 143

Appendix C Decision-Making for Your Estate Plan Form 147

Appendix D Asset Listing Form 155

Appendix E FAQs 157

Glossary of Terms 165

Index 169

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