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You're the trustee. Now What?
Serving as the trustee of a living trust after someone has died can be a big task—and you probably wonder just where you’re supposed to start. The Trustee’s Legal Companion contains the help you need to get organized, get moving, and do a good job.
You’ll learn how to:
- decide whether or not to take on the job of trustee
- set up ongoing trusts for the surviving spouse, children or someone with a disability
- invest trust assets
- get help from lawyers, accountants, financial planners and other experts
- prepare accountings
- handle taxes
- develop good relationships with beneficiaries, and
- distribute trust property.
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. The authors, attorneys who have helped many bewildered trustees, show you, step by step, how to go through the process with confidence.
- Sales Rank: #21258 in Books
- Published on: 2015-03-16
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.00" w x 7.00" l, .0 pounds
- Binding: Paperback
- 416 pages
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
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.
Carol Elias Zolla is an attorney who practices only in the field of estate planning and administration. Since 2002, she has been certified as a Specialist in Estate Planning, Trust and Probate Law by The State Bar of California Board of Legal Specialization. Carol graduated from the University of California at Berkeley and the University of California at Los Angeles School of Law. She serves on the Estate Planning, Trust, and Probate Law Advisory Commission to the Board of Legal Specialization of the State Bar of California. She is an active member of the Trusts and Estates Section of the Silicon Valley Bar Association, and is the Editor of its newsletter, the Scrivener. She frequently speaks about estate planning topics to attorney organizations and parent groups.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Great information. Very helpful with my need/
By Amazon Customer
Great information. Very helpful with my need/
0 of 1 people found the following review helpful.
This book has been very helpful in in helping me ...
By Jim
This book has been very helpful in in helping me understand the role of a trustee and the relevant legal and tax issues surrounding it.
12 of 12 people found the following review helpful.
Essential
By palealien
Once again, Nolo has produced an amazingly helpful guide to what can be a rather murky process. I had never truly understood the significance of a trust, nor the subtleties. And as co-administrator of mine, I knew i was in the right book when one of the first things I read was, "If you are a co-administrator, be warned it will make things even more difficult". Great. The authors jump right into it by describing the prospective trustee just what they're in for, and assuring you that if you have any doubts as to your abilities in this regard, to take a pass with no bad feelings.
Straightforward, you could say, like all the other Nolo books I have read. It is quite current, updated but a few months ago, (as of this writing, but Nolo is definitely on top of changes) and also gives information specific to particular states, which is also simply interesting to read and learn what the differences are. It also allows me to ask questions now, instead of waiting until it is too late and I can only turn to a lawyer. Not that there's anything wrong in that, but the more informed I am the better job I can do of avoiding pitfalls due to a lack of basic facts.
While I am trying to read it cover to cover, it is organized (and the authors point this out) to be also useful in skipping around should a specific issue arise. I plan on doing both- forewarned is forearmed and all- but I know when a gray area in my family trust appears, this fine book will be most illuminating.
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