The Living Trust Workbook

by Esperti, Robert A.; Peterson, Renno L.; Cahoone, David

• ISBN13: 9780140173888
• ISBN10: 0140173889
• Edition: Revised
• Format: Paperback
• Copyright: 2001-01-01
• Publisher: Penguin Group USA

Summary

Revised and updated--the essential workbook for creating a Living Trust and securing your family Since Robert A. Esperti and Renno L. Peterson's groundbreaking book, Loving Trust, was published in 1988, more and more people have chosen Living Trusts as a probate-free alternative to wills or conventional substitutes. Now in this revised edition, Esperti and Peterson, with David K. Cahoone, have updated and expanded this easy-to-use guide that explains everything you need to know about creating and implementing a Living Trust. This essential workbook will help you and your advisors design a trust tailored for your circumstances and wishes. In this workbook you will learn: * what a Living Trust is, how it works, and how it will save you money and your family stress during a difficult time * the role of a Living Trust in the event of disability * how to place various properties, such as real estate, market accounts, and businesses into your Living Trust * charts, checklists, worksheets, and sample forms with instructions on how to use them * tips on choosing and working with a lawyer

Table of Contents

Preface	ix
Introduction	xv
PART ONE Designing Your Living Trust
The Definition of Estate Planning	3	(5)
A Living Trust-Centered Plan	8	(11)
The Esperti Peterson Planning Process	19	(9)
How to Find an Estate Planning Lawyer	28	(8)
Creating Your Professional Team	36	(9)
How to Select Your Trustees	45	(12)
Checklist for Designing Your Plan	57	(13)
Personal Information Checklist	70	(17)
Meeting with Your Professional Team	87	(8)
Your Second Meeting	95	(8)
PART TWO Funding Your Living Trust
An Overview of Funding	103	(9)
The Different Types of Revocable Living Trusts	112	(12)
Methods of Funding	124	(15)
Bank Accounts and Certificates of Deposit	139	(9)
Publicly Traded Stocks, Bonds, and Other Securities	148	(14)
Personal Effects and Other Tangible Personal Property	162	(8)
Insurance and Retirement Plans	170	(9)
Mortgages, Notes, and Other Receivables	179	(10)
Business and Professional Interests	189	(14)
Real Property Interests	203	(22)
Miscellaneous Property	225	(3)
Other Important Elements of Your Living Trust-Centered Plan	228	(10)
A Final Word	238	(1)
Appendix Forms	239	(82)
Index	321