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Passing Bucks Volume I
- The "Lost" Financial Knowledge of the Great American Dynasties
- The Secret Story of How Wealth Is Made and Maintained
- Inheritance Tax Benefits, Privacy and Much, Much, More
- Review of the basics of Trusts - A B C's of Estate Planning
- Rockefeller type retirement planning
- Difference between Common-Law and Statutory Trusts
- All Trusts shift the issue of Title of asset (Ch 12, Pg 109)
- Avoid Probate altogether, saving time and money (Ch 12)
- No court's approval necessary! (Ch 12)
- No governmental interference (Ch 12)
- Not all Trustees are the same (Ch 13, pg 120)
- Silver Spoon Curse (Chapter 16, pg 163)
- Offshore & Foreign Trusts (Ch 18 Pg 188)
- Naming Beneficiaries (Ch 21 Pg 227)
- Best way to pass down an Inheritance after you pass
- You decide who will oversee your estate
Passing Bucks, Volume II
This is a legal reference book with:
- Almost 600 pages of detailed information
- Over 150 researched footnotes
- 92-page Glossary
- Over 275-word index
Description:
- Advanced Principles of Trust Construction
- Privacy of Contracts
- Agreements Equal Cash Flow
- Education of Trustees, with Emphasis on Leadership and Working Within the Adverse System
- Learn the Essential Elements of Common-Law Trusts
- A How-to reference manual to ensure the best for the beneficiaries.
- Long range solutions—learn protocols to implement smooth trust administration!
- Property given to a child is subject to the child’s creditors. Instead, transfer the property to a Trust for the child’s benefit.
- The Trust must contain a spendthrift provision.
- The Trust gives the Trustee complete discretion as to the distribution of principal and income.
- International Bankers know the potential power of a properly set up Common-Law Irrevocable Trust
Trust Members and their responsibilities:
Executive Secretary
Grantor or Settlor
General Manager
Trustees
Beneficiaries
Protector
Some of the other Topics covered are:
Trustee Training
The Grantor’s Vision
Trust Indenture
Creating and maintaining Trust minutes
Moving together as a Unit
Guardianship
Acceptances and Resignations
Trust Certificates
Banking documentation
Investment documentation
Certification of Trust
Pour-over Will
Durable Power of Attorney for Health Care
Keywords: Inheritance, common law, probate, retirement planning, wills and probate, wills and trusts, estate planning attorney, probate attorney, executor of a will, probate a will, wills and estates, will probate