Book Review-The Living Trust
This review is for The Living Trust : The Failproof Way to Pass Along Your Estate to Your Heirs.
As principal of a financial planning and wealth management firm, an important part of my service is to help clients coordinate their estate plan with other aspects of their financial picture, such as investments, retirement planning, insurance and tax issues.
The key to making the right decision is information about the potential advantages and disadvantages of each option for their particular situation. I highly recommend this book to my clients, which provides a clear and concise overview of the living trust and other wealth preservation vehicles.
Drawbacks of Probate
In The Living Trust, Abts does a good job of exposing the drawbacks of probate, including complexity, cost, lack of privacy and delay. He explains why the living trust is an alternative for many people and for many reasons, including greater organization, greater assurance of complete probate avoidance and lower total cost than probate.
Estate Taxes
If you are interested in the fundamentals of trusts, estate taxes, and the administration of an estate, this book will answer many of your questions.
Setting up a Trust
If you are interested in setting up a trust, this book will make you an educated client before meeting with a professional advisor and/or local attorney to set up your trust.
About the Author
Henry W. Abts III became a nationally recognized authority on Living Trusts as the founder and chairman of The Estate Plan. Abts was a graduate of the University of Southern California. He obtained his master’s degree from the Stanford University Graduate School of Business.
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