The Ultimate Living Trust Guide: A Clear Plan to Protect Wealth, Care for Family, Reduce Cost and Build a Lasting Legacy - Softcover

Inhaltsangabe

What will happen to your home, savings and investments if something happens to you? Without a clear plan, your loved ones could spend months dealing with probate court, paying high legal fees and coping with unnecessary stress.
The Ultimate Living Trust Guide gives you the knowledge and tools to take control of your future. Estate planning expert Schmitt K. Marshall provides a straightforward strategy to help you create, fund and manage a living trust that truly works for your family.
In this book, you will learn what a living trust really is and why it is often a better choice than a will. You will be guided through every step of the process, from creating the trust to transferring your assets into it, while avoiding the common mistakes that could make your trust invalid. You will also discover how to choose the right trustee to ensure your wishes are carried out smoothly. Clear examples and practical checklists make it easy to put your plan into action right away.
By the time you finish reading, you will have more than just knowledge; you will have a complete master plan to protect what matters most, save your family from costly court battles and leave behind a legacy that reflects your wishes.
Here is a snippet of what you stand to learn from this guide:

• What is a Living Trust?
• Living Trust Vs. Will
• Revocable Vs. Irrevocable Trusts
• Why You Need a Living Trust
• Key Components of a Living Trust
• Deciding if a Living Trust is Right for You
• Is a Living Trust Suitable For You?
• Choosing the Right Type of Trust
• Selecting the Right Trustee
• Roles and Responsibilities
• Individual Vs. Professional Trustees
• Common Clauses and Provisions
• State Specific Requirements
• Funding Your Living Trust
• Maintaining and Updating Your Trust
• How a Living Trust Works at Incapacity
• What Happens After Death
• Common Mistakes to Avoid
• Conflict Between Will and Trust
• Powers of Attorney
• Hipaa Authorization
• Tax Considerations and Benefits
• Federal and State Estate Taxes
• Income Tax Treatment of Trusts
• Asset Protection and Legacy Planning
• Generational Planning
• Creating a Values-Based Legacy

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