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Anyone can create their own trust and I'd recommend this book for that. Their software that accompanies might support some but doing it over I would just use the docs the book gives you. If nothing else it would create you more knowledgeable if you go see a lawyer, and you are charged hourly, could save you time and money.
Texas author Patrick X. Gallagher has penned ten books that deal with that now generally accepted format of mass media or social media or use of the internet to just about anything! His previous books concerning LinkedIn have been exceptionally helpful in learning how to navigate and benefit form that ver of social media – LINKEDIN SECRETS REVEALED, PREMIUM LINKED PROFILE, LOVE OR HATE EMAIL, PIMP YOUR PROFILE, WRITE YOUR BOOK ONLINE, AMAZON SECRETS REVEALED, EMAIL INBOX MANAGEMENT, HOW TO BULLET PROOF YOUR LINKED IN PROFILE. – 10 Security Problems to Avoid, SPIRITUALITY IN THE WORKPLACE and in that vein he now offers BUILD YOUR OWN LIVING REVOCABLE TRUST. In his preface to this particular book dealing with Trusts he states, ‘No need to be a millionaire to require a Trust. Why do you need a Trust? You might ask that question to the same lawyer that you went to for your “Will.” The chances are that the Lawyer may say in return, “You do not need a Living Trust; those are for rich people who have a lot of money. A will should be just fine.” I was one of those people that asked that question and got that answer. The truth is that is ideal to begin with a Will first and then to have more financial flexibility in your life, you will need a Living Revocable Trust too. For those that do not have a will - it’s fine to just begin out with a Trust too. This eBook will support you determine why you need a Living Revocable Trust, how to make it yourself, and how to fund it yourself. If you are a highly organized person, which I am sure you are - you should be able to make a Living Revocable Trust in less than a day. Once you have made your Trust and reviewed it with your family members and those loved ones you wish to take care of, you will be able to obtain on with your life and your Living Trust will be there in your files to take care of your financial affairs. It will be there whenever it’s needed.’In teaching us how to use safely uses LinkedIn, Patrick states, ‘I have made and funded my own Living Revocable Trust without any assistance from a Trust attorney in building it. You can do the same if you follow the instructions I have laid out in this book. Why don’t attorneys tell you about trusts? Maybe for several reasons. When I went to obtain my will they never mentioned that a trust would be an perfect document to protect myself and my family to avoid the legal probate system. The word “Trust” was never used, but my Lawyer should have told me to obtain one, or at least offer the choice. There may be several reasons why she didn’t do that. What would be some of those reasons? 1) The attorney you hired to write your will may not have been trained to make a Living Revocable Trust. 2) Several attorneys may be willing to give up making cash now knowing that they can create tens of thousands later if there is probate on your estate. 3) A Trust is typically more expensive than a Will.’And in that manner he writes his book, complete with charts and illustrations and précised info given in word and visuals. He teaches us the Do It Yourself Process – Make the trust, fund the trust, restate or change the trust, and you obtain to decided and write in the Trust who benefits from it (and it can be used when you are alive, too!).The core of the book is simple to follow – ‘Why do l need a Living Revocable Trust?, Funding Your Trust, How do I make the Trust Document?, How Much Does it Cost?, What does a Living Revocable Trust Look Like?, and Changing Your Existing Trust (Restatement).For those of us without solid Wills and without legal assistance on managing our benefits when we die, this book is a solid bit to bite into – chewable if not fully digestible! Patrick opens some windows in communication and learning that have been either shut or foggy, and for that he deserves to be read. Grady Harp, December 17
Working at a CPA firm, I purchased this book to obtain a better understanding of living revocable trusts. This was a short tutorial that helped me understand the basics of what my clients are trying to accomplish by creating revocable trusts. This is a handy reference tool that I might be able to recommend to any clients who have questions about living revocable trusts.
The books is informative, concise, and explains the utility and usefulness of trusts to avoid probate. If you have any interest in utilizing one of these trusts, this is a valuable resource for far less than consulting an attorney. The book is really a amazing starting point.
Just what you need to obtain started, make your trust and fund it. Dozens of links (to books and to websites) throughout the book to support you do (most of) this without the need of a lawyer. Beautiful simple to understand, considering the topic matter.
Though this is a fast read, I felt that the info contained was extremely useful for my research into the zone of living trusts. I think the necessary this is to have some of the knowledge presented here and use it in conversations with a lawyer or even family members.
Although the author provided some essential info about why you should make a revoke blessed living trust, he did not provide a complete example, nor did his links to Internet sites. Hard to belive he could not use his own document to provide an example. Best I can say is he emphasizes you can do it yourself and save a couple of thousand dollars. You are just going to have to learn how somewhere else.
Mr. Gallagher is not an attorney. That's the point. You don't really need an attorney to do a number of primary transactions that are really nothing but form letters, you can make a legal document yourself. I've done this on several occasions. So it is with revocable trusts. For me the hardest part has come after the trust is formed, as a lot of quite sophisticated companies have no idea how to handle this departure from the norm, and this book does describe several such scenarios and what to do about it. Considering the little size of the book it's not the only reference you'll need, but it does create it clear that for a lot of people you don't need to spend thousands on getting one of these done for you. Although it alludes to them, it could stand more text on the numerous situations in which you might benefit from professional help.
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