By Jeffrey L. Condon
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Extra resources for AARP the Living Trust Advisor. Everything You Need to Know about Your Living Trust
Instead of talking about Living Trust mechanics, we focused on the human side of inheritances, such as how your children can share an inheritance when they could not even share their toys, and how you can prevent your surviving spouse from losing control of her money and property if the children are grasping for an early inheritance. Eventually, this new emphasis on the human and personal element in the inheritance arena comprised the theme of the first book my father and I co-wrote in 1996, Beyond the Grave: The Right Way and the Wrong Way of Leaving Money to Your Children (and Others), which has since become the most widely distributed inheritance planning book in American publishing history.
You have never been charged with a crime. You have not set up a corporation or partnership or engaged in a complex business transaction. Indeed, you may have gone almost your entire life without the need to consult with a lawyer. I said “almost,” because now you face the prospect of an inheritance document that, while simple in concept, can be quite daunting to construct. If you have seen a Living Trust before, you have found that they are somewhat lengthy. In my office, the typical Living Trust is 50 pages long.
But even though your head says you need a lawyer to help you through the minefield, your heart may be urging you to do it alone. Why? Because you have heard the lawyer horror stories from your family, friends, and co-workers. ” And on and on . . Of course, there is nothing to stop you from giving it the old college try. In fact, you will find a lot of help. There is a host of how-to books, software programs, and stationery forms, replete with terms and provisions that you can pick and choose to incorporate into your own Living Trust.
AARP the Living Trust Advisor. Everything You Need to Know about Your Living Trust by Jeffrey L. Condon