The living trust advisor
Subtitle: everything you (and your financial planner) need to know about your living trust
By: Jeffrey L. Condon
Edition: Second edition.
Published: 2016
Language: eng
Number of pages: 388
ISBN-13: 9781119073949
Subjects: Popular works; Estate planning; Living trusts
Notes: Previous edition: 2008.

Includes index.
Table of contents: title: The first quarter: establishing your living trust. How you established your living trust without a clear understanding of what it is and how it works or, you don't know what you don't know about your living trust ; What does the living trust do, and how does it do it? Or, the best explanation of the living trust you will ever get ; Do you really need a living trust? Or, don't let someone sell you something you don't need ; Establishing your living trust or, no better way to get started than to get started ; Who should you select as the lifetime agent of your living trust? Or, if you become incapacitated, will your lifetime agent manage your living trust for your benefit or for his? ; You can select your children as your after-death agent, but will they carry out your living trust's inheritance instructions? Or, "that was our parents' wish, but it ain't our wish"; title: The second quarter: living with your living trust during the lifetimes of you and your spouse. Functions of your living trust while both you and your spouse are alive or, don't quite forget about your living trust after you have thrown it into your safe-deposit box ; The five concerns about the real estate you transferred to your living trust or, you still own your house! ; Should you tell your children about your living trust? Or, don't dismiss the chance to have a family inheritance meeting especially if the lawyer won't charge you; title: The third quarter: living with your living trust after the death of your spouse. Will you divert your deceased spouse's half of the living trust assets from your offspring? Or, how to make your children fret and hope that you will do the right thing ; The power to change your deceased spouse's inheritance instructions or not! Or, if your child's vice dissipates after your spouse dies, are you allowed to change your spouse's inheritance instructions to meet that change? ; Dealing with your living trust if you remarry or, the battle royal: your second spouse versus your first children ; Dealing with the estate tax return, splitting the living trust assets, and other tax stuff that you would rather just ignore after your spouse dies or, as much as you want to, don't skip this chapter! To prevent estate taxes after your death, you must deal with estate tax matters after your spouse's death; title: The fourth quarter: dying with your living trust. Distribution of your living trust after both you and your spouse are dead or, the inheritance arena is not for the fainthearted ; Don't intentionally leave your children unequal inheritances or, so what if one needs it more than the other? ; The accidental unequal inheritance or, if you think you have treated your children equally by leaving them equal inheritances, I have some news for you! ; Don't make a child who owes you money a debtor to your other children or, an unforgiven and unpaid loan to a child can wreak havoc after your death ; Do not leave your child an outright inheritance or, I'm not kidding! Don't leave your child an outright inheritance ; Using your living trust to force your child into a conventional lifestyle or, if the twig is bent, will force do anything to straighten it out? ; The success of the third-party irrevocable protection trust (PUPPET) depends on whom you've selected as the third party or, try not to appoint one private person to hold and manage money for another private person ; Who are your grandchildren? Or, do you really want your living trust assets to ultimately wind up with your son's second wife's kids from her first marriage? ; The IRS is back! And this time, it's for real! Or, "Sorry about your parents' deaths. That will be $200,000, please." ; Who pays the estate tax? Or, don't make one person pay the estate tax on living trust gifts that go to another person; title: Postgame: review and lessons learned. Question and answer time! Or, take the opportunity to ask this expensive lawyer your questions at no charge ; A random sampling of cautionary tales from the inheritance arena or, read about, and learn from, my previous mistakes and the mistakes of my clients.