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The Trustee's Legal Companion: A Step-by-Step Guide to Administering a Living Trust |  | Authors: Liza Hanks Attorney, Carol Zolla Attorney
Publisher: NOLO
Category: Book
List Price: $39.99
Buy New: $22.26
as of 9/5/2010 05:38 CDT details
You Save: $17.73 (44%)
New (21) from $22.26
Seller: natarajbooks
Rating:  20 reviews
Sales Rank: 102513
Media: Paperback
Edition: 1
Pages: 395
Number Of Items: 1
Shipping Weight (lbs): 1.4
Dimensions (in): 9.5 x 7.4 x 1
ISBN: 141331189X
Dewey Decimal Number: 346.73052
EAN: 9781413311891
ASIN: 141331189X
Publication Date: May 9, 2010
Availability: Usually ships in 1-2 business days
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| | ISBN13: 9781413311891 | | | Condition: New | | | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
You're the trustee-what now?
It's an honor to be entrusted with wrapping up the affairs of a deceased loved one, but it's also a big task, one you may find stressful and confusing. Here is a guide that you can rely on for help with the legal, personal and practical aspects of administering a living trust.
The Trustee's Legal Companion shows you exactly how to proceed, from handling paperwork to keeping beneficiaries informed, to knowing when to call in the professionals and how to work with them. Find out how to distribute money to the rightful beneficiaries, in keeping with the terms of the trust and state law, as well as a full breakdown of:
- what the job of trustee entails
- determining whether or not to take the job
- finding and working with legal and tax experts
- what to do with assets that should be in the trust but aren't
- subtrust funding
- managing an ongoing trust
- paying debts and taxes
- keeping good records to avoid challenges to your actions
- terminating the trust
The Trustee's Legal Companion is written with both the legal and the human element of the job in mind. It will help you gain peace of mind during a difficult time, while saving you time, money and headaches.
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| Customer Reviews:
Showing reviews 1-5 of 20
 Invaluable Source of Information August 27, 2010
Baazumi (New York City, NY)
In this confusing world of seemingly unlimited information,
"The Trustee's Legal Companion" offers enough solid information to help guide your through all of the endless details of what will be required to handle the business of death, and the legal
responsibilities that come along with it. The book outlines how to get death certificates, dealing with Social Security, trust assets, protecting trust property, how to deal with taxes, and beneficiaries, to name but a few. Nolo's books are always well organized and comprehensive, and even if at some point you decide to hire an attorney to help you through the process, being well informed helps you understand the scope of the attorney's feedback.
Every Trustee should be familiar with this book to help prevent errors in judgement.
Readable, Informative August 26, 2010
Jean Leinhauser (San Diego, CA USA)
I ordered this for a friend who is the new trustee for my estate, and was nervous about what would be involved. The book is well organized and gave clear, concise answers to both my questions and those of my friend. The myriad details involved in estates are
covered in detail.
I highly recommend it as a guide for the first time -- or even a repeat -- trustee/executor.
Very thorough book in well written plain English August 26, 2010
Jeff N (Oakdale, CA)
This book is great. It explains in some detail pretty much every conceivable issue that a person could ever have with a Living Trust.
I like very much when a book with legal information is written in plain, easy to read English.
Includes Charts of Rules for all 50 States, and Sample Trusts.
Living Trusts are good things to do. They can save everyone thousands of dollars, and can simplify things for everyone.
Technical Quality of Book:
Nice size quality paperback with bright white paper, and easy to read black print with good spacing between lines.
Another priceless Nolo book August 26, 2010
Dave (Portland)
I frankly don't know what I would do without Nolo. I've been helping my parents plan their estate while setting up my own. This book is not one you need right away, but (at the very least) after establishing a trust you will definitely want to read this and keep it as a guide. It does a good job of covering the wide range of possible issues that can come up and gives good, easy to understand explanations and advice. There's a lot in this process that can be intimidating and Nolo does a great job of breaking it down into something a layman can read.
I've used this in conjunction with several other excellent Nolo books:
Plan Your Estate
8 Ways to Avoid Probate
Make Your Own Living Trust
They are all excellent books and depending on what you are trying to do, you might get by with just one, but I've found it handy to be able to use "Plan Your Estate" as my main guide and using the others for more details. This doesn't replace real legal advice, but it can help you focus on what you really need to do which will save you money in the long run.
By preparing in advance you can easily cut your legal fees by half or more and frankly, avoid getting more legal "help" than you need (for example why set up a living trust for a small estate if state law already lets you by-pass probate?). Overall an excellent book that I wouldn't imagine approaching estate planning without.
 Read the subtitle. August 19, 2010
Aceto (Meilhan Sur Garonne)
1 out of 1 found this review helpful
The subtitle is important: "A Step-by-Step Guide to Administering a Living Trust". This is a book for those who need to decide and for those who have just accepted to act as trustee of a living trust. My understanding is in a living trust the grantors are alive and at death they expect the trustee to distribute the trust's assets according to their wishes. This book explains the administrative duties and obligations, and there are many and they are cumbersome. It defines the legal jargon. By design, it is meant to explain why, as a trustee, you need to work with an estate attorney and how to hire one. It does not answer legal questions.
There is good, basic information but it left this researcher needing more. The answer, hire an estate/tax planning or medicaid planning attorney early on and make sure they have an AV rating from Martindale (SEE: [...]). Oh and yes, it gives charts with some state-by-state information but again, just enough to make you run to find and work with an attorney. It is fine for what it is but don't expect more.
Showing reviews 1-5 of 20
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| Worthwhile Reading | Three Tips to Help Planning Retirement
By Brenda Cyr
Thinking about retirement is not usually on the top of our list of things to do. Then suddenly we reach the point in out life when retirement is close to becoming a reality. At that point, you really need help in planning your retirement. Sure, we think about it from time to time, but never take any action on our thoughts. Don't let lack of action destroy your retirement, and leave you working well into your seventies. Use these three tips to help plan your retirement and to get started today.
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3. Cut Back on Expenses. You already knew this was coming. You have a budget, and know what you are spending; now it's time to see where you can cut back so you can put more money into your retirement account. You don't have to cut out all the luxuries in your life, but you might find that by renting movies more often, rather than taking the family to the theater will let you enjoy more luxuries when you retire.
These three tips will help you get started saving for your retirement. Of course, there are many resources available to help planning for retirement. There are many aspects of retirement to consider as well- your health, your social life, your leisure activities and hobbies. By following these three tips, you will be taking action to help you plan for the best retirement possible.
Are you really ready to retire? Get our free report- How to Supercharge Your Retirement, and make sure you can enjoy the retirement you deserve. Visit http://www.RetirementPlanningHandbook.com today.
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CERTAIN CONTENT THAT APPEARS ON THIS SITE COMES FROM AMAZON SERVICES LLC. THIS CONTENT IS PROVIDED ‘AS IS’ AND IS SUBJECT TO CHANGE OR REMOVAL AT ANY TIME. | | Retirement Facts | In the private sector, participation by type of retirement plan has largely reversed over the past quartercentury: 'Traditional' defined benefit pension plans were dominant in 1979, but have been overtaken by defined contribution (401(k)-type) plans. The share of workers who are in both a defined benefit and defined contribution plan has remained fairly constant over the years.
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