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Shenkman: the Complete Book of Trusts (Cloth), by Martin Shenkman
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As one of the most powerful and flexible financial planning tools available, trusts can help you achieve several important goals, from minimizing estate taxes to avoiding probate and managing assets in the event of death or disability. This thoroughly updated and expanded edition of The Complete Book of Trusts offers a comprehensive overview that includes essential details on how you can best use trusts to meet the goals of your particular choice.
Covering 50 different types of trusts —including charitable remainder, credit shelter, and revocable living —this complete reference provides the guidance you need to determine which are the right trusts for you. Then, this indispensable resource takes you step by step through the entire process of setting up, managing, and terminating trusts. Along with an easy-to-understand introduction to trust basics, including provisions, trustee designations, and grantor's rights, here's where you'll find:
- Important details on the new Disclaimer Credit Shelter Trust
- Expanded coverage of Qualified Personal Residence Trusts (QPRTs), Grantor Retained Annuity Trusts (GRATs), Grantor Retained UniTrusts (GRUTs)
- Vital information on the tax consequences of trusts
- Clear descriptions of trusts for specific types of assets
- And much more!
- Sales Rank: #4948096 in Books
- Published on: 1992-12-11
- Ingredients: Example Ingredients
- Number of items: 1
- Binding: Hardcover
- 304 pages
From the Publisher
Myth: Trusts are just for the very wealthy. Fact: Trusts are for anyone who wants to maximize his or her finances. This newly revised guide offers step-by-step instructions on how to select from among 50 trusts to best suit your needs, be it real estate, life insurance or stock trusts, set up a trust for a spouse, grandchild or non-marital partner and identify the tax risks and benefits of trusts. New to this edition: expanded information on QPRTs, GRAT, GRUT, new information on community property law new trusts such as: QPRT, GST, Inter-Vivos Credit Shelter Trust and Inter-Vivos QTIP Trust.
From the Back Cover
As one of the most powerful and flexible financial planning tools available, trusts can help you achieve several important goals, from minimizing estate taxes to avoiding probate and managing assets in the event of death or disability. This thoroughly updated and expanded edition of The Complete Book of Trusts offers a comprehensive overview that includes essential details on how you can best use trusts to meet the goals of your particular choice.
Covering 50 different types of trusts --including charitable remainder, credit shelter, and revocable living --this complete reference provides the guidance you need to determine which are the right trusts for you. Then, this indispensable resource takes you step by step through the entire process of setting up, managing, and terminating trusts. Along with an easy-to-understand introduction to trust basics, including provisions, trustee designations, and grantor's rights, here's where you'll find: Important details on the new Disclaimer Credit Shelter Trust Expanded coverage of Qualified Personal Residence Trusts (QPRTs), Grantor Retained Annuity Trusts (GRATs), Grantor Retained UniTrusts (GRUTs) Vital information on the tax consequences of trusts Clear descriptions of trusts for specific types of assets And much more!
About the Author
MARTIN M. SHENKMAN, JD, CPA, MBA, is an attorney specializing in estate planning and personal finance. He is the author of 22 books, including How to Buy a Home with No (or Little) Money Down and Real Estate After Tax Reform, both published by Wiley.
Most helpful customer reviews
2 of 2 people found the following review helpful.
A Good Introduction to the topic of TRUST.
By Kindle Customer
Have been waiting on this one. If you are completely new to learning about this topic, it's well worth the cash you spend on it! This book, starts out with a list of the various types of trust, a brief description of what they are and a chapter that it is better described in. It is NOT a how to book. Considering the number of various trust involved, it would be unreasonable to expect the author to go into great detail on each type of trust.. I already have the NOLO book on special needs trust so I have that part of this figured out. This book works as a general hand on in house guideline as to the different types of trust and provisions you can put into a trust. Once you decide what kind you want, you are going to need more information be it another book or an attorney. On the up side, it does go into things like taxes ( about 40 pages on taxes) and other aspects I have not found in any other book that I have read so far. Over all lit is a fairly decent out line and introduction to the topic, but you will need more info on the specific type of trust you want to set up as far as details ( this is where I suggest NOLO) . Other then that, worse case scenario, you will be able to have a more intelligent conversation with your attorney / CPA after you read this book so it is worth the cash I spent as far as that goes. I learned things i did not know before so it was definitely not a waste of cash.
0 of 0 people found the following review helpful.
If you even think you need a book to help with complex trust issues, this one will help.
By Amazon Customer
This book had a lot of important information. It also required concentration to get the most out of it. I bought it to help me evaluate what type of trust would be appropriate for me. It did that. If your needs are very simple and revolve around only the decision to do a will or a will and simple living trust, this book is probably overkill. For more complex issues, I recommend reading this book before you talk to an estate planner/lawyer/accountant.
2 of 2 people found the following review helpful.
Excellent book
By Amazon Customer
This is a great book for someone wanting to understand the procedures and other things associated with establishing a trust fund, however, it's just alittle too detailed for my tastes.
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