Baby Boomers Guide to Trusts: Your All-Purpose Estate Planning Tool

Trusts are the Swiss army knife of estate planning-they are versatile tools that can be used to achieve many different goals. But few non-professionals understand how they work. Written by elder law and estate planning expert Harry S. Margolis, answers the many questions trust grantors, beneficiaries and trustees have, including: · What distributions can you or must you make? · How is the trust taxed? · What fees may the trustee charge? · Who has a right to accounts? · How can a trust help you meet your tax, asset protection, and long-term care planning goals? Featuring practical advice and easy-to-follow examples gleaned from the author's 30-plus years of experience in elder law and estate planning and questions posed by consumers on his website, AskHarry.info, will help you know when to use a trust in your estate planning, how to manage it as trustees, and your rights as a beneficiary.