The Complete Book of Trusts

The Complete Book of Trusts

by Martin M. Shenkman


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Trusts are powerful and flexible financial planning tools, and this new edition of The Complete Book of Trusts covers everything you need to know to protect your hard-earned assets from taxes, creditors, and more. This updated Third Edition provides all the latest information on trusts, addressing recent changes due to economic growth and the Tax Relief Reconciliation Act of 2001 in such areas as transferring assets, distribution of income, gift and estate tax rules, and many others.

Product Details

ISBN-13: 9780471170440
Publisher: Wiley
Publication date: 08/15/1997
Pages: 320
Product dimensions: 8.52(w) x 10.96(h) x 0.84(d)

About the Author

MARTIN M. SHENKMAN, CPA, MBA, JD, is a well-known attorney with extensive knowledge of tax law and investments. He is the author of twenty-six books, including The Beneficiary Workbook, The Complete Probate Guide, and Starting a Limited Liability Company (with Samuel Weiner and Ivan Taback), all from Wiley.

Table of Contents

Trust Finding Tablexiii
Part 1Understanding the Building Blocks of A typical Trust
1Overview of Trusts3
2The Trust Document: Basic Building Blocks25
3Transferring Assets to Your Trust39
4Grantor's Rights and Powers49
5Designations and Rights of Beneficiaries61
6Fiduciary Rights, Powers, and Obligations75
7Investment Standards and Decisions87
8Distribution of Income and Principal93
9Miscellaneous Trust Provisions and Exhibits101
Part 2Tax Consequences of Trusts
10Planning for the Gift and Estate Tax109
11Planning for the Generation Skipping Transfer Tax125
12How Trusts and Beneficiaries Are Taxed143
Part 3Trusts for Different People and Organizations
13Trusts for Yourself165
14Trusts for Your Spouse177
15Trusts for Nonmarried Partners187
16Trusts for Children and Others195
17Trusts for Charities205
Part 4Trusts for Specific Types of Assets
18Trusts to Protect Your Assets219
19Life Insurance Trusts231
20Trusts for Securities237
21Trusts for Business Assets239
22Trusts for Real Estate253
23Trusts for Pensions and Employee Benefits259
Part 5Termination of Your Trust
24Trust Termination265

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