Living Trusts for Everyone: Why a Will Is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates (Second Edition) (Paperback)
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Readers say it best: "Very informative." "Saved me a lot of money and headaches!" "Recommend it for everyone who has to plan estates for their elderly parents"
Living Trusts for Everyone is the best resource for setting up a living trust. Explaining in specific terms what benefits a trust will have, Ronald Farrington Sharp gives the tools necessary to set up a loved one’s trust with no lawyers and no expense.
Wills benefit lawyers. Trusts benefit the clients. Too often lawyers sell wills to clients only to sit back and wait to sell their probate services to their clients’ heirs. Ronald Farrington Sharp describes the best way to handle modern estate planning and details the many advantages trusts have over wills in not only eliminating probate but in also protecting your assets for your heirs. Sharp explains why legal services are not needed to do the clerical work in settling a trust after death. This updated edition includes new information on an array of subjects, including:
- Elimination of the federal estate tax for most estates due to increased exemption amounts
- Online assets
- The use of passwords, usernames, and websites
- Keeping trustees honest and the process of removing trustees for malfeasance
- Forms for simplifying the planning process
- Strategies to lower attorneys’ fees
With no legal jargon, just step-by-step instructions and sample form letters, Living Trusts for Everyone takes the mystery out of the process of setting up a trust.
About the Author
Ronald Farrington Sharp is an attorney who concentrated on family law and divorce for the first half of his career before gradually shifting the focus of his practice to the areas of trusts, estate planning, and probate. The firm he established in 1975 works closely on a referral basis with a variety of professionals in developing a comprehensive estate plan package. Sharp has personally prepared more than three thousand trusts and estate plans, and he is also the author of Winning the Divorce War (Allworth Press). He is married, has three adult children and one grandchild, and divides his time between Michigan and Florida.
“Sharp makes a reasoned and strong case for the use of trusts as a complete alternative for wills. For roughly the cost of a lunch, Living Trusts for Everyone can . . . equip the average American with enough thoughtful questions to ensure that his or her lawyer is doing all that s/he can to protect that person’s assets. For that alone, it belongs on your reading list.” —Logan Lo, New York Journal of Books
“If you want to know a good deal about estate planning and trusts but don’t want a four-hundred-page boring book to read, I highly, highly recommend getting this one. It’s short, to-the-point, and very informative.” —Free Money, Finance.com
“Ronald Sharp explains trusts in clear and easy-to-understand language, including one truth most lawyers don’t want to admit: a trust is often better than a will and less costly!” —Lonnie Mclane, Estate & Tax Consultants, LLC