Estate Planning Simplified Kit
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Did You Know?

A LAST WILL & TESTAMENT is written document which leaves the estate of the person who signed the will to named persons or entities (beneficiaries, legatees, devisees) including portions or percentages of the estate, specific gifts, creation of trusts for management and future distribution of all or a portion of the estate (a testamentary trust), see last will & testament.

Did You Know?

A CODICIL is a written amendment to a person's will, which must be dated, signed and witnessed just as a will would be, and must make some reference to the will it amends, see codicil.

Did You Know?

A LIVING WILL is document authorized By statutes in all states in which a person appoints someone as his/her proxy or representative to make decisions on maintaining extraordinary life-support if the person becomes too ill, is in a coma or is certain to die, see living will.

Did You Know?

A LIVING Trusties sometimes called an inter vivo (Latin for "within one's life") trust, a trust created by a declaration of trust executed by the trustor or trustors (also called settlor or settlors) during his/her/their lifetime, as distinguished from a "testamentary trust," which is created by a will and only comes into force upon the death of the person who wrote the will, see living trust.

Did You Know?

A POWER OF ATTORNEY FOR HEALTHCARE is a written document stating that one person gives to another the full power and authority to make healthcare decisions for that one person when he or she is unable to, power of attorney for healthcare.

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Living Trusts and Other Ways to Avoid Probate

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Bronze Estate Planning Package
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...Last Will & Testament, Living Will,
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Estate Planning
Our Silver estate-planning package offers the same services as our #1 selling Bronze package with additional opportunity for future changes to your documents.
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Our Ultimate estate-planning package offers the same services as our premium Gold package for you and your spouse, and includes your adult children and their spouses. This is a top-seller among grandparents!
...Last Will & Testament, Living Will,
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Living Trusts and Other Ways to Avoid Probate, 3E (current for any state)

By Attorney Karen Ann Rolcik, Sphinx Legal, A Division of Sourcebooks

Venue:

 

National - All States

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Description:

Passing your estate on to your family or heirs can be an expensive, time-consuming process if you are forced to use the probate court system in your state. Setting up a living trust or using other alternatives can help to eliminate some of the problems that may occur if you need to use the probate system.

This new edition contains information regarding the Old Age Property Tax Reduction Act. It discusses such topics as transfer of personal property, why you still need to have a will (even if you have a living trust) and specific statute changes that affect trusts. It also discusses various alternatives besides the living trust: setting-up pay-on-death bank accounts, holding property in joint ownership, registering vehicles in transfer-on-death forms and land trusts.  Easy-to-use, blank tear-out forms and instructions for completing the forms are included in the book.

Table of Contents

Using Self Help Law Books
Introduction

  • Needing an Attorney
  • Selecting an Attorney

Chapter 1: The Probate Process
Beginning the Process

  • When Probate Is Necessary
  • Property That Is Subject to Probate
  • The Role of Your Will in the Probate Process
  • Disadvantages of Probate
  • Advantages of Probate

Chapter 2: Probate Alternatives

  • Joint Tenancy
  • Community Property
  • Transfers of Property by Contract
  • Pay on Death Bank Accounts
  • Pay on Death Securities Registration
  • Transfer on Death Automobile Registration
  • Land Trusts
  • Life Insurance
  • Retirement Plans
  • Outright Gifts
  • Trusts

Chapter 3: The Living Trust

  • Advantages of a Living Trust
  • Disadvantages of a Living Trust
  • Living Trust vs. Other Probate Alternatives

Chapter 4: Types of Trust

  • Irrevocable Life Insurance Trust
  • Children's Trust
  • Crummey Trust
  • Marital QTIP or QDOT Trust
  • A/B Trust
  • Credit Shelter or Bypass Trust
  • Generation Skipping Transfer Tax Trust
  • Charitable Remainder Trust
  • Grantor Retained Annuity Trust
  • Personal Residence Trust

Chapter 5: Creating Your Living Trust

  • The Trustee
  • Beneficiaries
  • Signing Your Living Trust
  • Amending Your Living Trust
  • Family Limited Partnerships

Chapter 6: Funding Your Living Trust

  • How Much Property to Transfer
  • How Title Is Held for Trust Assets
  • How to Transfer Property to a Living Trust

Glossary

Appendix A: Tax Explanations

Appendix B: Sample Filled-In Forms

Appendix C: Blank Forms

Index

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Complete Estate Planning Kit
Complete Estate Planning Kits

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Do It Yourself Documents carries state-specific items for all 50 states and DC.

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Sixty percent of bankruptcies and seventy-five percent of divorces in California are done without lawyers!

Did You Know?

A POWER OF ATTORNEY is a written document signed By a person giving another person the power to act in conducting the signer's business, including signing papers, checks, title documents, contracts, handling bank accounts and other activities in the name of the person granting the power, see power of attorney!

Did You Know?

PROBATE is the process of proving a will is valid and thereafter administering the estate of a dead person according to the terms of the will, see probate!