Living
Trusts
İMoney
Magic, Inc.3/3/01
Saturday Daybreak KATV, Chn. 7
Mary Ann Campbell, CFP
Living Trust Maker 2.0
$59.95,
Nolo Press
Click
on my Money Magic link above and get Living Trust Maker 2.0
for only $45.99 (you save $14)
Avoid
probate and save thousands in legal fees.
What is
probate? Why have people learned to try to avoid it? Probate is
the expensive, time consuming, public process of having your will
validated and property certified before distributions can be made.
Why are
living trusts popular? They spare your loved ones the expense
and delay of probate. Living trusts keep your wishes and distributions
private.
There
is great flexibility with a living trust. You can amend or revoke
the trust at any time. Living Trust Maker CD-ROM makes it easy
to:
- Set up an individual
or shared marital trust
- Create subtrusts
for property left to children or young adults
- Transfer property
to the trust
- Amend or revoke
the trust at any time
Make Your Own Living Trust
By
attorney Denis Clifford, Nolo Press, $34.95
Click
on my Money Magic link above and get Make Your Own Living Trust
for only $27.96 (you save $6)
Ensure
your inheritors won’t be short changed.
When a
will is probated, lawyer’s fees can eat up 5-7% of an estate.
The probate process can also take about a year to complete, and
it is open to public scrutiny.
Make Your
Own Living Trust shows readers how to create a basic living trust,
and an AB living trust for estates worth $625,000 to $1,250,000.
Both avoid probate of major assets such as a house, stocks, securities,
and money market accounts. The new edition thoroughly explains
how both types of living trusts work, how to amend and end them
and all the steps in between including how to:
- Decide what property
to put in a trust
- Prepare and sign
a Declaration of Trust to create the living trust
- Name beneficiaries
to inherit the property
- Create a back-up
will
- Decide if you
need an AB estate-tax saving trust and more
Nolo.com is the nation’s leading provider
of self-help legal solutions for consumers and small businesses.
Since 1971, Nolo has offered affordable, jargon-free books, software,
legal forms and now Web resources that help individuals and small
businesses master a wide range of legal issues, including divorce,
estate planning, real estate, personal finance, intellectual property
and starting and running a small business.
