Cover image for The complete book of trusts
The complete book of trusts
Shenkman, Martin M.
Personal Author:
Second edition.
Publication Information:
New York : J. Wiley, [1998]

Physical Description:
xxii, 409 pages : forms 28 cm + 1 computer disk (3 1/2 in.)
General Note:
Includes index.

Format :


Call Number
Material Type
Home Location
Item Holds
KF730.Z9 S53 1998 DISK Book and Software Set Non-Fiction Area-Reference

On Order



As one of the most powerful and flexible financial planning tools available, trusts can help you achieve several important goals, from minimizing estate taxes to avoiding probate and managing assets in the event of death or disability. This thoroughly updated and expanded edition of The Complete Book of Trusts offers a comprehensive overview that includes essential details on how you can best use trusts to meet the goals of your particular choice.

Covering 50 different types of trusts --including charitable remainder, credit shelter, and revocable living --this complete reference provides the guidance you need to determine which are the right trusts for you. Then, this indispensable resource takes you step by step through the entire process of setting up, managing, and terminating trusts. Along with an easy-to-understand introduction to trust basics, including provisions, trustee designations, and grantor's rights, here's where you'll find:

Important details on the new Disclaimer Credit Shelter Trust Expanded coverage of Qualified Personal Residence Trusts (QPRTs), Grantor Retained Annuity Trusts (GRATs), Grantor Retained UniTrusts (GRUTs) Vital information on the tax consequences of trusts Clear descriptions of trusts for specific types of assets And much more!

Author Notes

MARTIN M. SHENKMAN, JD, CPA, MBA, is an attorney specializing in estate planning and personal finance. He is the author of 22 books, including How to Buy a Home with No (or Little) Money Down and Real Estate After Tax Reform, both published by Wiley.

Table of Contents

Trust Finding Tablep. xiii
Part 1 Understanding the Building Blocks of A typical Trust
1 Overview of Trustsp. 3
2 The Trust Document: Basic Building Blocksp. 25
3 Transferring Assets to Your Trustp. 39
4 Grantor's Rights and Powersp. 49
5 Designations and Rights of Beneficiariesp. 61
6 Fiduciary Rights, Powers, and Obligationsp. 75
7 Investment Standards and Decisionsp. 87
8 Distribution of Income and Principalp. 93
9 Miscellaneous Trust Provisions and Exhibitsp. 101
Part 2 Tax Consequences of Trusts
10 Planning for the Gift and Estate Taxp. 109
11 Planning for the Generation Skipping Transfer Taxp. 125
12 How Trusts and Beneficiaries Are Taxedp. 143
Part 3 Trusts for Different People and Organizations
13 Trusts for Yourselfp. 165
14 Trusts for Your Spousep. 177
15 Trusts for Nonmarried Partnersp. 187
16 Trusts for Children and Othersp. 195
17 Trusts for Charitiesp. 205
Part 4 Trusts for Specific Types of Assets
18 Trusts to Protect Your Assetsp. 219
19 Life Insurance Trustsp. 231
20 Trusts for Securitiesp. 237
21 Trusts for Business Assetsp. 239
22 Trusts for Real Estatep. 253
23 Trusts for Pensions and Employee Benefitsp. 259
Part 5 Termination of Your Trust
24 Trust Terminationp. 265
Indexp. 275