The Trustee's Legal Companion - Softcover

Hanks, Liza; Zolla, Carol Elias

Softcover

ISBN 10: 1413320945 ISBN 13: 9781413320947

Publisher: Nolo, 2015

Synopsis

It’s an honor to be entrusted with wrapping up the affairs of a deceased loved one, but it’s also a big task, one you may find stressful and confusing.The Trustee’s Legal Companion shows you exactly how to proceed, keeping in mind the legal, personal and practical aspects of administering a living trust -- all within the terms of the trust and your state's law.

You'll learn exactly how to proceed once you're named as a trustee, including handling paperwork, keeping beneficiaries informed, deciding when and if to call in professionals, and how to work with them once they've been hired. Find out about:

• what the job of trustee entails
  
• determining whether or not to take the job
  
• finding and working with legal and tax experts
  
• what to do with assets that should be in the trust but aren't
  
• subtrust funding
  
• managing an ongoing trust
  
• paying debts and taxes
  
• keeping good records and avoiding challenges to your actions
  
• terminating the trust
  

Unlike any other legal guide on the market, The Trustee’s Legal Companion is written with both the legal and the human element of the job in mind. It will help you gain peace of mind during a difficult time, while saving you time, money, and headaches.

About this title

Review

Nolo is a pioneer in both consumer and business self-help books and software. Los Angeles Times Nolo is always there in a jam as the nation s premier publisher of do-it-yourself legal books. Newsweek "The Trustee s Legal Companion serves as a resource for those who have been given the responsibility of administering a living trust by carrying out another person s last wishes, pay their remaining debts and taxes, and distribute their property to relatives and friends. It provides practical, accessible advice and tips on activities such as understanding a trustee s legal duties, identifying and collecting trust assets, finding and working with advisers, investing trusts properly, handling income tax returns for the deceased and the trust, and preparing proper trust accounting reports. The authors are estate planning attorneys with over 20 years of experience, collectively." Eithne O'Leyne, Editor Ringgold, Inc. ProtoView"

"Nolo is a pioneer in both consumer and business self-help books and software." Los Angeles Times "Nolo is always there in a jam as the nation's premier publisher of do-it-yourself legal books." Newsweek "The Trustee's Legal Companion serves as a resource for those who have been given the responsibility of administering a living trust by carrying out another person's last wishes, pay their remaining debts and taxes, and distribute their property to relatives and friends. It provides practical, accessible advice and tips on activities such as understanding a trustee's legal duties, identifying and collecting trust assets, finding and working with advisers, investing trusts properly, handling income tax returns for the deceased and the trust, and preparing proper trust accounting reports. The authors are estate planning attorneys with over 20 years of experience, collectively." Eithne O'Leyne, Editor Ringgold, Inc. ProtoView

About the Author

Liza Hanks is an attorney specializing in estate planning for families of all ages. A graduate of Stanford Law School, she has also served as an instructor at the Santa Clara University Law School and practiced with the state of California. Hanks is the author or co-author of two books published by Nolo: The Mom's Guide to Wills and Estate Planning and The Trustee's Legal Companion. She also blogs on wills, trusts, powers of attorney, living wills, estate taxes, and probate court on the blog Estate Planning.

Edition details

• Publisher: Nolo
• Publication date: 2015
• Language: English
• ISBN 10: 1413320945
• ISBN 13: 9781413320947
• Binding: Paperback
• Edition number: 3
• Number of pages: 399