The Best Collection of Trusts at Your Fingertips

Anchored by an excellent, clearly written standard revocable trust, this book is designed for the trust drafter. It includes a pourover will, powers of attorney, certificate of trust existence, acceptance of trust, and many sample assignments. These documents, combined with discussion of the substantive trust law and planning issues, result in worry-free drafting whatever your level of practice.

With this book, you will be able to:

• Perfectly tailor a trust to suit your client's particular needs
• Know when and how to draft using trust protectors
• Know when the revocable grantor trust should receive retirement benefits, and how to draft for this situation
• Learn when and when not to use a joint trust and what critical provisions to include
• Understand the potential negative tax consequences of a revocable trust upon the grantor's death and plan around them
• Effectively communicate the nature of the trustee's duties to your client

Highlights of the latest update include:

• Updated chapter addressing the Treasury proposed regulations related to the Retirement Planning Trusts
• Updated numbers increased by the federal estate tax exemption for 2022 under the Tax Cuts and Jobs Act of 2017
• Additional guidance on the annual or final report for a trust beneficiary
• Practice tips on the benefits of a trust for minor beneficiaries