Download Trustee’s Legal Companion, The: A Step-by-Step Guide to Administering a Living Trust Kindle Edition Free PDF

Trustee’s Legal Companion, The: A Step-by-Step Guide to Administering a Living Trust Kindle Edition
Author: Liza Hanks ID: B00W89G5ZU

Done.
File Size: 4545 KBPrint Length: 416 pagesPublisher: NOLO; 3 edition (March 19, 2015)Publication Date: March 30, 2015 Sold by:  Digital Services, Inc. Language: EnglishID: B00W89G5ZUText-to-Speech: Enabled X-Ray: Not Enabled Word Wise: Not EnabledLending: Not Enabled Enhanced Typesetting: Not Enabled Best Sellers Rank: #159,620 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #28 in Kindle Store > Kindle eBooks > Law > Taxation #44 in Kindle Store > Kindle eBooks > Law > Practical Guides #89 in Books > Law > Estate Planning > Estates & Trusts

Once again, Nolo has produced an amazingly helpful guide to what can be a rather murky process. I had never truly understood the significance of a trust, nor the subtleties. And as co-administrator of mine, I knew i was in the right book when one of the first things I read was, "If you are a co-administrator, be warned it will make things even more difficult". Great. The authors jump right into it by describing the prospective trustee just what they’re in for, and assuring you that if you have any doubts as to your abilities in this regard, to take a pass with no bad feelings.

Straightforward, you could say, like all the other Nolo books I have read. It is quite current, updated but a few months ago,and also gives information specific to particular states, which is also simply interesting to read and learn what the differences are. It also allows me to ask questions now, instead of waiting until it is too late and I can only turn to a lawyer. Not that there’s anything wrong in that, but the more informed I am the better job I can do of avoiding pitfalls due to a lack of basic facts.

While I am trying to read it cover to cover, it is organized (and the authors point this out) to be also useful in skipping around should a specific issue arise. I plan on doing both- forewarned is forearmed and all- but I know when a gray area in my family trust appears, this fine book will be most illuminating.

Nolo is well known for its clearly written do-it-yourself guides to handling legal issues. I’ve used many Nolo products in the past and have always found them to be informative and practical. "The Trustee’s Legal Companion" is no exception.

Anybody who is a trustee of a living trust, or might be named as a trustee, will find this book to be an invaluable resource. The text is very comprehensive, with guidance for all of the important activities in administering a living trust: deciding if one should be a trustee, working with beneficiaries, managing assets, dealing with taxes, and terminating the trust.

As with just about all Nolo publications, this book is organized in a very straightforward way. Each chapter covers a broad topic, such as The First Few Months [of running a trust after assuming control], Assets That Should Be in the Trust-But Aren’t, Thinking Like a Trustee, or Getting Help When You Need It. After a brief introduction, the text explains the key principles underlying each topic and helps you figure out your legal rights and responsibilities.

The book does have a couple of minor weaknesses. First, task checklists are scattered throughout the text. Most other Nolo books gather their checklists, often as tear-out pages, in a single appendix. Having everything in one place would be more convenient. In addition, this book is written in more of a textbook style than other Nolo titles. While the book is still easy to read and understand, the outline/bullet point format used in other books is better suited for presenting this kind of material to a general audience. These are minor quibbles though, and don’t detract much from the overall quality of the book.

Bottom line: "The Trustee’s Legal Companion" is a reliable, no frills-no hype guide. All living trust trustees (and prospective trustees) owe it to themselves to pick up this book. Four stars.

I have held off reviewing this because it’s one of those products where it’s hard to evaluate how good it is until it’s really called upon – which, in this case, would be upon the death of a loved one with a living trust in place. In the meantime I can say this: The book is written by two estate planning attorneys and is written in language that is relatively easy to understand. Not only does the book cover the tasks required of the trustee in administering a living trust, but the book goes further and includes help for handling things that are OUTSIDE of the trust (but might involve the trustee anyway) – e.g. life insurance, retirement plans, pension plans, etc. The book has been helpful in guiding some steps we can take now with regards to the trust to facilitate it being more easily administered later. Laws may change and this may slightly change some applications of this guide over time, but I do think the guide is an excellent reference book to keep on-hand and consult periodically.

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Download Trustee’s Legal Companion, The: A Step-by-Step Guide to Administering a Living Trust Kindle Edition Free PDF

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