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Passing your estate on to your family or heirs can be an expensive, time-consuming process if you are forced to use the probate court system in your state. Setting up a living trust or using other alternatives can help to eliminate some of the problems that may occur if you need to use the probate system.
This new edition contains information regarding the Old Age Property Tax Reduction Act. It also discusses such topics as transfer of personal property, why you still need to have a will (even if you have a living trust) and specific statute changes that affect trusts. It also discusses various alternatives besides the living trust: setting-up pay-on-death bank accounts, holding property in joint ownership, registering vehicles in transfer-on-death forms and land trusts.
Easy-to-use, blank tear-out forms and instructions for completing the forms are included in the book.
Author Biography
Karen Rolcik received her law degree from Indiana University. She is licensed to practice law in Texas and Ohio, and is a certified mediator in Texas. She has practiced law since 1986, primarily in the areas of wills, trusts, probate, family, and corporate law. Ms. Rolcik has written or co-authored many Sphinx titles, including How to Make a Texas Will and How to Probate an Estate in Texas. She currently resides in Bedford, Texas.
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