Funding The Revocable Living Trust

The purpose of creating a living trust usually cannot be accomplished unless property is transferred into the trust. This book explains the steps of transferring the ownership of a variety of assets into trust.

Estate planning is as much art as it is science. To successfully guide clients in accomplishing their goals takes experience that is the result of good training and patient observation over many years. The really good estate planners have dedicated their professional lives to mastering the craft. They are good listeners. They are nonjudgmental observers of the human condition. They become impartial counselors rather than merely competent technicians. This monograph is Bill Schmidt's endeavor to pass along the techniques and forms that he has developed or used in many years of enjoyable service to his clients. This represents his collective wisdom gained from many years of practice to help you avoid some of the pitfalls and mistakes in funding revocable living trusts.

Revocable living trusts are the #1 estate planning tool, however, they are not part of a will. A revocable living trust is basically a self-trustee trust. Written in plain English for individual consumers, this completely current and comprehensive book provides practical advice on setting up revocable living trusts.

Written in clear, conversational English, this book can help anyone understand how a living trust avoids the complications, expenses, and delays of probate at times of incapacity and death.

Everything estate owners need to establish a successful living trust When properly designed, a revocable living trust can provide all of the estate tax-saving benefits available under a decedent’s Last Will, eliminate a lifetime court-supervised financial guardianship of a person’s financial affairs in the event of physical or mental incapacity, and, upon the trustor’s death, facilitate estate administration without the necessity of a court-supervised process, or probate. Shockingly often, however, trusts are poorly designed and underfunded, nullifying all of their considerable advantages. Living Trusts, Third Edition shows the estate owner how to set up, fund, and manage a living trust that will protect the trustor’s financial affairs in both life and death. Order your copy today!

The failproof way to pass along your estate to your heirs without lawyers, courts, or the probate system.

This guide helps family members and others understand their role as a trustee.It provides tips on making financial decisions for someone else as well as protecting assets from fraud and scams. Related products: Check out more products produced by the U.S. Consumer Financial Protection Bureau

How you and your legal advisors can design, fund, and maintain your living trust plan and secure your family's future.