{"product_id":"the-living-trust-advisor-isbn-9781119073949","title":"The Living Trust Advisor","description":"\u003cb\u003eA comprehensive guide to living trusts, with expert financial and legal guidance\u003c\/b\u003e \u003cp\u003e\u003ci\u003eThe Living Trust Advisor\u003c\/i\u003e is an expert guide for both advisors and their clients on the complex process of establishing, living with, and maintaining a living trust. Written by renowned family inheritance attorney Jeffrey L. Condon, this book discusses the various aspects of this important document, and shows you how to manage a seamless transfer of assets to various beneficiaries. This new second edition has been fully updated and revised to reflect the extensive changes to the Estate Tax Law that have taken place since the initial publication, giving you the most up-to-date information and guidance on preserving your wealth and helping your heirs avoid estate tax liability. You'll develop a vision for your trust before you ever meet with an attorney or other key players, and learn how to establish and maintain a trust that remains rock-solid for your lifetime and beyond. \u003c\/p\u003e\u003cp\u003eAs the living trust has replaced the will as the primary means of settling after-death estates, clear guidance and current legal information is of utmost importance for advisors and clients alike. This book is a valuable resource for every stage of planning and execution, helping you ensure that you provide for your beneficiaries the way you intend. \u003c\/p\u003e\u003cul\u003e \u003cli\u003eKnow what to think about before your first meeting with a lawyer\u003c\/li\u003e \u003cli\u003eEstablish and manage your living trust to carry out your wishes\u003c\/li\u003e \u003cli\u003eIdentify potential inheritance problems and build solutions into the trust\u003c\/li\u003e \u003cli\u003eDistribute assets to future generations, and protect them after the transfer\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eDealing with complex financial and legal issues while facing our own mortality is a difficult task, but making these decisions is critical to the future outcome of your estate. \u003ci\u003eThe Living Trust Advisor\u003c\/i\u003e expertly guides you through the process so you can be confident that your wishes will be carried out. \u003c\/p\u003e\u003cp\u003ePregame Warm-Up Or, Read This Before You Read This Book xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe First Quarter: Establishing Your Living Trust 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1  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 3\u003c\/p\u003e \u003cp\u003eChapter 2 What Does the Living Trust Do, and How Does It Do It? Or, The Best Explanation of the Living Trust You Will Ever Get 11\u003c\/p\u003e \u003cp\u003eChapter 3 Do You Really Need a Living Trust? Or, Don’t Let Someone Sell You Something You Don’t Need 17\u003c\/p\u003e \u003cp\u003eChapter 4 Establishing Your Living Trust Or, No Better Way to Get Started Than to Get Started 26\u003c\/p\u003e \u003cp\u003eChapter 5 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? 39\u003c\/p\u003e \u003cp\u003eChapter 6 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” 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe Second Quarter: Living with Your Living Trust During the Lifetimes of You and Your Spouse 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 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 69\u003c\/p\u003e \u003cp\u003eChapter 8 The Five Concerns about the Real Estate You Transferred to Your Living Trust Or, You Still Own Your House! 86\u003c\/p\u003e \u003cp\u003eChapter 9 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 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe Third Quarter Living with Your Living Trust after the Death of Your Spouse 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 10 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 107\u003c\/p\u003e \u003cp\u003eChapter 11 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? 115\u003c\/p\u003e \u003cp\u003eChapter 12 Dealing with Your Living Trust If You Remarry Or, The Battle Royal: Your Second Spouse Versus Your First Children 125\u003c\/p\u003e \u003cp\u003eChapter 13 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 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe Fourth Quarter Dying with Your Living Trust 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 14 Distribution of Your Living Trust after Both You and Your Spouse Are Dead Or, The Inheritance Arena Is Not for the Fainthearted 165\u003c\/p\u003e \u003cp\u003eChapter 15 Don’t Intentionally Leave Your Children Unequal Inheritances Or, So What If One Needs It More Than the Other? 171\u003c\/p\u003e \u003cp\u003eChapter 16 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! 178\u003c\/p\u003e \u003cp\u003eChapter 17 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 187\u003c\/p\u003e \u003cp\u003eChapter 18 Do Not Leave Your Child an Outright Inheritance Or, I’m Not Kidding! Don’t Leave Your Child an Outright Inheritance 195\u003c\/p\u003e \u003cp\u003eChapter 19 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? 230\u003c\/p\u003e \u003cp\u003eChapter 20 The Success of the Third-Party Irrevocable Protection Trust (PUPPET) Depends on Whom\u003c\/p\u003e \u003cp\u003eYou’ve Selected as the Third Party Or, Try Not to Appoint One Private Person to Hold and Manage Money for Another Private Person 237\u003c\/p\u003e \u003cp\u003eChapter 21 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? 247\u003c\/p\u003e \u003cp\u003eChapter 22 The IRS Is Back! And This Time, It’s for Real! Or, “Sorry about Your Parents’ Deaths. That Will Be $200,000, Please.” 254\u003c\/p\u003e \u003cp\u003eChapter 23 Who Pays the Estate Tax? Or, Don’t Make One Person Pay the Estate Tax on Living Trust Gifts That Go to Another Person 265\u003c\/p\u003e \u003cp\u003ePostgame: Review and Lessons Learned 277\u003c\/p\u003e \u003cp\u003eChapter 24 Question and Answer Time! Or, Take the Opportunity to Ask This Expensive Lawyer Your Questions at No Charge 279\u003c\/p\u003e \u003cp\u003eChapter 25 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 298\u003c\/p\u003e \u003cp\u003eAbout the Author Or, An Invitation from the Author to Contact Him at No Charge 371\u003c\/p\u003e \u003cp\u003eIndex 375\u003c\/p\u003e \u003cp\u003e \u003cb\u003eJEFFREY L. CONDON, ESQ.\u003c\/b\u003e has practiced in trust, estate, and probate law since 1987 at the law offices of Condon \u0026amp; Condon in Santa Monica, California. With his late father, Gerald M. Condon, he is the coauthor of \u003ci\u003eBeyond the Grave: The Right Way and the Wrong Way of Leaving Money to Your Children (and Others)\u003c\/i\u003e, the bestselling inheritance planning book in American publishing history, which the \u003ci\u003eWall Street Journal\u003c\/i\u003e called the “best estate planning book in America.” When not tending to his clients’ Living Trusts and inheritance matters, Jeffrey enjoys swimming 3,000 meters daily with Southern California Aquatics, dining with his lovely girlfriend, Kim, listening to ’70s and ’80s pop music, getting together with his lifelong friends, and finding opportunities to spend quality time with his grown children. \u003c\/p\u003e  \u003cp\u003eThe last great lesson you leave to your family is the inheritance plan you make in your Living Trust. \u003c\/p\u003e \u003cp\u003eCreating a Living Trust that effectively carries out your inheritance instructions requires more than just printing out “one-size-fits-all” forms, checking off a few boxes, and signing where instructed. You and your financial advisor have to know the real-world impact of the words you inject into the document. Otherwise, your family, and the assets you leave to them, may become victim to the Law of Unintended Consequences.  \u003c\/p\u003e\u003cp\u003eFully revised and updated to reflect the most recent laws and best practices in the Inheritance Arena, this \u003ci\u003eSecond Edition\u003c\/i\u003e skillfully shows you step-by-step how to create a Living Trust that easily and seamlessly transfers your lifetime of accumulations to your spouse, children, grandchildren, and other beneficiaries. While such a discussion can become a dry and complex “slog-fest,” Jeffrey L. Condon’s enthusiasm, humor, and easily understandable style leap from the pages to walk you through the process of obtaining the life-enhancing gift of a Living Trust that’s right for you and your family. He shares with you, and your financial advisor, his three decades of hard-won wisdom on the human and monetary sides of inheritance planning through straightforward and easy-to-understand explanations that:  \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eAddress the very important inheritance issues that you must consider before your first meeting with your Living Trust attorney.\u003c\/li\u003e \u003cli\u003eSpell out how to live with your Living Trust during your lifetime.\u003c\/li\u003e \u003cli\u003eReveal how you can “die knowing” that your Living Trust’s inheritance instructions will be faithfully and legally carried out to the letter.\u003c\/li\u003e \u003cli\u003eGuide your family away from “inheritance minefields” that can create conflict, division, and estrangement.\u003c\/li\u003e \u003cli\u003eShare valuable tips on ensuring that your Living Trust’s assets will be protected after your passing for your children…and from your children’s risks and problems.\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eEven with changing trends and evolving laws, the Living Trust will always be the main vehicle in America for the after-death transfer of your assets to your family. And you and your advisor can always rely on the latest edition of \u003ci\u003eThe Living Trust Advisor\u003c\/i\u003e to explain everything you need to know about your Living Trust … for your eternal peace of mind.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990281437413,"sku":"NP9781119073949","price":45.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119073949.jpg?v=1761787186","url":"https:\/\/k12savings.com\/products\/the-living-trust-advisor-isbn-9781119073949","provider":"K12savings","version":"1.0","type":"link"}