Book Description:
Do you own a home or other real estate? Have a child you plan to send to college? Collect valuables stamps, coins, art, antiques? Are you partly or wholly responsible for the care of an aging parent? If so, you may have heard about trusts but thought they were out of your league, just for the rich or very rich. Not so, says Adam Starchild. There are ways by which people of relatively modest means can make and use trusts to their advantage once they understand them. Which is what Starchild gives you here: an easily read, quickly grasped introduction to the purpose and use of trusts. You ll learn: the major categories of trusts their historical background the difference between charitable and insurance trusts short term trusts the use of trusts in estate planning their tax aspects, now and later probate the costs of establishing and administering a trust the rights and duties of those involved in one ...with real life case histories, examples, and a glossary of terms common in the field. Is a trust my best financial strategy? What kind is right for my own situation? How should it be structured? What steps do I take and in what order? How can I save in taxes? Will my family be fully protected? These questions, and many more, are answered here authoritatively, without jargon. No, it won t replace the advice of a good lawyer, but at the very least this book will help you work with your lawyer most effectively. For anyone interested in keeping what he has, or building it into something greater, this is the book you need... and have waited for. Although there are other trust books on the market, they concentrate on the living trust. This book is unique in that it is truly comprehensive covering the benefits of insurance trusts, asset protection trusts and all in language that can be understood by the ordinary reader. Over the past 25 years, Adam Starchild has been the author of over two dozen books, and hundreds of magazine articles, primarily on business and finance. His articles have appeared in a wide range of publications around the world including & Estates Business Credit, Euromoney, Finance, The Financial Planner, International Living, Offshore Financial Review, Reason, Tax Planning International, The Bull & Bear, Trust, and many more. Now semi retired, he was the president of an international consulting group specializing in banking, finance and the development of new businesses. He has consulted to several banks and trust companies on trust matters, and was a director of a trust company. Although this formidable testimony to expertise in his field, plus his current preoccupation with other books in progress, would not seem to leave time for a well rounded existence, Starchild has won two Presidential Sports Awards and written several cookbooks, and is currently involved in a number of personal charitable projects.
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