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