If you’re seeking a way to dispose of your property after your death without your heirs and beneficiaries having to go through the legal process known as probate, then a living trust might be the mechanism through which you can achieve that goal. A living trust, or an inter vivos trust, transfers property designated under the trust to your loved ones upon your death without the need for probate. Sound appealing? Then, you might want to have a look at Nolo’s Make Your Own Living Trust. Denis Clifford, an estate planning attorney, explains what a living trust is, how it works, and what its advantages and potential downsides are. With this book, you can also learn how to:
determine the type of trust that is right for you;
choose what property to place into the trust;
choose a successor trustee and designate beneficiaries;
prepare the living trust document; and
transfer property to the trust.
There are also plenty of sample forms to help draft your living trust and a glossary to help explain some key terms.
Before you embark on this estate-planning tool, read Make Your Own Living Trust. Find it in the Law Library’s Self-Help Collection. Other titles that you might find useful on this and similar topics are: Estate Planning Basics, Plan Your Estate, and Quick and Legal Will Book.