{"product_id":"living-trusts-isbn-9780471263807","title":"Living Trusts","description":"\u003cb\u003eEverything estate owners need to establish a successful living trust\u003c\/b\u003e  \u003cp\u003eWhen 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. \u003ci\u003eLiving Trusts, Third Edition\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eOrder your copy today!\u003c\/p\u003e  Preface.  \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003eAbbreviations, Acronyms, and Synonyms.\u003c\/p\u003e \u003cp\u003ePART I. THE REVOCABLE LIVING TRUST IN PERSPECTIVE.\u003c\/p\u003e \u003cp\u003eChapter 1. Continuing Need for Estate Planning.\u003c\/p\u003e \u003cp\u003eChapter 2. Framework of a Revocale Living Trust.\u003c\/p\u003e \u003cp\u003eChapter 3. Trustee's Powers, Duties, and Responsibilities.\u003c\/p\u003e \u003cp\u003eChapter 4. Property Management and Other Benefits.\u003c\/p\u003e \u003cp\u003eChapter 5. Disadvantages, Reservations, and Limitations of a Revocable Living Trust.\u003c\/p\u003e \u003cp\u003ePART II. OPERATION OF A REVOCABLE LIVING TRUST AND THE IMPACT OF TAXES.\u003c\/p\u003e \u003cp\u003eChapter 6. Lifetime Operation of a Revocable Living Trust.\u003c\/p\u003e \u003cp\u003eChapter 7. Federal Income Tax.\u003c\/p\u003e \u003cp\u003eChapter 8. Federal and State Transfer Taxes.\u003c\/p\u003e \u003cp\u003ePART III. LIFETIME FUNDING OF A REVOCABLE LIVING TRUST.\u003c\/p\u003e \u003cp\u003eChapter 9. Overview of the Funding Process.\u003c\/p\u003e \u003cp\u003eChapter 10. Real Property Interests.\u003c\/p\u003e \u003cp\u003eChapter 11. Publicly-Traded Securities and U.S. Government Obligations.\u003c\/p\u003e \u003cp\u003eChapter 12. Closely-Held Business Interests.\u003c\/p\u003e \u003cp\u003eChapter 13. Accounts in Banks, Savings Associations, and Credit Unions.\u003c\/p\u003e \u003cp\u003eChapter 14. Tangible and Intangible Personal Property.\u003c\/p\u003e \u003cp\u003eChapter 15. Qualified and Nonqualified Retirement Plans.\u003c\/p\u003e \u003cp\u003eChapter 16. Life Insurance and Annuities.\u003c\/p\u003e \u003cp\u003ePART IV. SUPPORTING DOCUMENTS.\u003c\/p\u003e \u003cp\u003eChapter 17. Power of Attorney and Pour-Over Will.\u003c\/p\u003e \u003cp\u003eBibliography.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \"This is a very commendable work…. Highly Recommended\" (\u003ci\u003eEstate Planning\u003c\/i\u003e, 7\/1\/2004; Vol. 31, No.7) DOUG H. MOY is a Consulting Specialist in estate\/gift taxation and planning. His articles regularly appear in both the National Public Accountant and the Tax Management Estates, Gifts and Trusts Journal. He is a nationally recognized and much sought-after seminar speaker and specialist in his field, particularly in living trusts and community property.   Everything estate owners need to establish a successful living trust  \u003cp\u003e\"Doug Moy’s Living Trusts lives for me. All Enrolled Agents and CPAs need this easy-to-understand information at their fingertips so they can properly advise their clients about this important issue.\"\u003cbr\u003e –Dr. William Stevenson, EA, CFP, President, National Tax Consultants\u003cbr\u003e Chairman, Federal Taxation Committee, and Member, National Society of Accountants\u003c\/p\u003e \u003cp\u003e\"My clients often request recommendations for materials written in nonlegal jargon about revocable living trusts and estate planning in general. This publication is at the top of my list of recommendations. Professionals in the estate planning field will also find this comprehensive study very useful.\"\u003cbr\u003e –Janet M. Smith, Esq.\u003cbr\u003e Rackemann, Sawyer \u0026amp; Brewster, PC\u003c\/p\u003e \u003cp\u003eWhen 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.\u003c\/p\u003e \u003cp\u003eThe Third Edition of this popular and proven resource completely revises and updates all of its chapters, empowering readers to ask the appropriate questions of their attorneys and create the kind of financial arrangements that are right for them. New chapters on the continuing need for estate planning and on qualified and nonqualified plans have been added, and four complete sample revocable living trusts and pour-over wills are provided on an accompanying Web site. The Third Edition also contains new information on topical issues, such as:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eBusiness partners serving as co-trustees\u003c\/li\u003e \u003cli\u003eSurviving spouse and decedent’s business partner serving as co-trustees\u003c\/li\u003e \u003cli\u003eHow to compensate a trustee so that compensation is income tax—free to the trustee\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThroughout the book, hot-button subjects are highlighted under \"Ask Your Attorney\" sections, with subsequent \"Answer\" sections provided to help readers gauge their legal advisor’s effectiveness. A corollary Web site contains sample forms used to fund a revocable living trust, and all chapters reflect the changes made by the recent Economic Growth and Tax Reconciliation Acts and IRS rulings. Living Trusts, Third Edition proves the premier resource for both estate-planning professionals and estate owners who are interested in taking advantage of this powerful tool.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989538488549,"sku":"NP9780471263807","price":41.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471263807.jpg?v=1761784511","url":"https:\/\/k12savings.com\/es\/products\/living-trusts-isbn-9780471263807","provider":"K12savings","version":"1.0","type":"link"}