Grantors believe they are protecting their wealth and family by creating trusts, but the industry looks at that same wealth as a way to make a profit. All I can say is if you have or are thinking about creating a trust, under the current system your money is not safe.
~ Excerpt from
In her new book, Trust, Are You Kidding! Sue Farley, an expert on trust and estate law, takes an in depth look at a system that is flawed, and gives the inside scoop on what you can do to make sure that your money and property are protected.
This book will be one of the most valuable tools you'll ever own and will provide you with information on how the trust system really works. If you want to know how to protect your money and property and avoid family disputes, you need to read this book.
Even if you don't have a large estate, you need to be aware of how your money is being handled after your death. You need to have a basic understanding so that it doesn't end up in the hands of the government that will decide how your money and property is distributed or in the hands of third parties who will siphon your assets away.
The people that create and oversee estates want you to believe that when you're no longer around that you should simply trust the system to work. Trust, Are You Kidding? explains what you need to know about how your estate is being handled.
You will learn about the different forms of trusts including:
- Living Trusts
- Revocable Living Trust
- Joint and One-Settler Trusts
- Probate Avoidance
- Trustees During Life
- Successor Trustees
- Non Conservatorship
- Trust Funding
not only exposes what's wrong with the current trust system, it gives concrete advice on how to:
- Set up a trust to manage assets in the event of disability or death
- Avoid probate
- Minimize or eliminate estate and other transfer taxes
- Financially protect loved ones
- Avoid disputes between second spouses and children of one's first marriage
- Select trustees or guardians
- And much, much more.