Make your own living trust

by Denis Clifford

Print book, c2017

Status

Available

Call number

KF 734 .C58

LCC

KF 734 .C58

ISBN

9781413323399

Barcode

2000000586

Publication

Berkeley, CA : Nolo Press

Physical description

340 p.; 10.86 inches

Local notes

Make your own living trust contents: Ch. 1: Overview of living trusts. Page 4 - Living trusts explained. The concept of a trust. Creating a living trust. Page 5 - How a living trust works. Ch. 2: Human realities and living trusts. Page 14 - Leaving unequal amounts of property to children. Page 15 - Second or subsequent marriages. Page 16 - Single people. Disinheriting a child. Page 17 - Unmarried couples. Same-sex couples. Page 18 - Communicating your decisions to family and friends. Ch. 3: Common questions about living trusts. Page 21 - Does everyone need a living trust? Page 23 - If I prepare a living trust, do I need a will? How can I leave trust property to children and young adults? Page 24: Will my living trust reduce estate taxes? Will I Have to Pay Gift Taxes? Will a living trust shield my property from creditors? Page 25 - Do I need a "catastrophic illness clause" in my trust? Page 26 - How does where I live affect my living trust? Page 27 - Can I place real estate in a living trust? Page 29 - Can I sell or give away trust property while I'm alive? Page 30 - Is a bank account held in trust insured by the FDIC? Will property in my living trust get a "stepped-up" tax basis when I die? Page 31 - Who must know about my living trust? What about free living trust seminars? Could someone challenge my living trust? Ch. 4: What type of trust do you need? Page 34 - If you are single. If you are part of a couple. Page 35 - Individual trusts for members of a couple. Page 36 - Basic shared living trusts. Page 38 - AB disclaimer trusts. Ch. 5: The tax - saving AB trust. Page 42 - The purpose of an AB trust. Page 43 - How an AB disclaimer trusts works. Page 46 - Is Nolo's AB disclaimer trust right for you? Page 50 - Creating a NOLO AB disclaimer trust. Ch. 6: Choosing what property to put in your living trust. Page 54 - Listing the property to be put in your trust. Page 55 - Property you should not put in your living trust. Page 58 - Property you can put in your living trust. Page 63 - Marital property laws. Page 66 - Completing the property worksheet. Ch. 7: Trustees. Page 76 - The initial trustee. Page 77 - The trustee after one spouse's death or incapacity. The successor trustee. Ch. 8: Choosing your beneficiaries. Page 87 - Kinds of trust beneficiaries. Page 88 - Naming your primary beneficiaries. Page 90 - Simultaneous death clauses. Shared gifts. Page 92 - Some common concerns about beneficiaries. Page 94 - Naming alternate beneficiaries. Page 96 - Residuary beneficiaries. Page 97 - Disinheritance. Page 100 - Putting conditions on beneficiaries. Page 101 - Property that is no longer in your trust at your death. Beneficiary worksheets. Ch. 9: Property left to minor children or young adults. Page 108 - Property management options. Page 109 -Which method is better for you: child's trust or custodianship? Page 110 - Tax-saving educational investment plans. Page 112 - Child's trusts. Page 114 - Custodianships. Ch. 10: Preparing your living trust document. Page 118 - Choosing the right trust form. Making changes to a trust form. Page 119 - Step-by-step instructions. Page 145 - Prepare your final trust document. Page 146 - Consider having your work checked by a lawyer. Sign your living trust in front of a notary. Ch. 11: Transferring property to your trust. Page 150 - Paperwork. Page 152 - Technical ownership. Certifications of trust. Page 156 - Real estate. Page 159 - Bank accounts and safe deposit boxes. Page 160 - Securities. Page 161 - Vehicles, boats, and planes. Business interests. Page 162 - Limited partnerships. Copyrights. Patents. Royalties. Ch. 12: Copying, storing, and registering your trust document. Page 164 - Making copies. Storing the trust document. Page 165 - Registering the trust. Ch. 13: Living with your living trust. Page 168 - Adding property to your living trust. Selling or giving away trust property. Page 169 - When to amend your living trust document. Page 172 - Who can amend a living trust document. Page 173 - Making changes to your trust. Page 176 - Revoking your living trust. Ch. 14: After a grantor dies. Page 180 - Who serves as trustee after the grantor's death. Page 181 - The trustee's duties. Page 187 - Transferring property to beneficiaries. Page 191 - Preparing and filing tax returns. Page 192 - Administering a child's trust. Administering a custodianship. Ch. 15: A living trust as part of your estate plan. Page 194 - Using a backup will. Other probate-avoidance methods. Page 202 - Federal gift and estate taxes. Page 207 - State inheritance and estate taxes. Page 208 - Planning for incapacity. Page 210 - Long -term trusts to control property. Ch. 16: Wills. Page 214 - Why prepare a backup will? Page 215 - What you can do in a backup will. Pour-Over Wills. Page 217 - Avoiding conflicts between your will and your living trust. Filling in the will form. Page 218 - Signing and witnessing your will. Ch. 17: If you need expert help. Page 226 - Hiring a lawyer to review your living trust. Working with an expert. Page 228 - Lawyer fees. Doing your own legal research. Includes table of contents, forms, glossary and subject index.

Description

A do-it-yourself manual for making your own living trust, with checklists, step-by-step procedures, worksheets, and forms.

Language

Collection

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