The Art of Passing the Buck, Vol I; Secrets of Wills and Trusts Revealed *(Book)
The Art of Passing the Buck offers a simple, comprehensive explanation of how Wills and Trusts work. It reveals wealth retention, management and empowerment techniques you can use to build a family dynasty. Inheritance may often degenerate into legal battles, and/or dark whisperings among relatives. Who was cared for or neglected comes to the fore when reading the Will or setting up the Trust. Sometimes, siblings battle among themselves over who gets what, while parents become distraught making the myriad decisions related to their own passing. We explain how there can be a smooth transition when both Grantors and Beneficiaries have vital information. A must read for both givers and receivers of wealth, this book also covers: the history of Trusts, Trust types, Trustees and the law, privacy, who should not have a Trust, parenting and perpetual wealth, and heirs: the favored and the flawed. Emphasis throughout is on what works in the real world, based on decades of experience. Read more
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Why Must Read The Art of Passing the Buck, Vol I; Secrets of Wills and Trusts Revealed?
The information contained in this book is on Trusts and comments regarding how to develop your family(or extended/adopted family) so they can properly participate in properly executed trusts. There is So Much Miss Information on the internet regarding Pure Trusts, Asset Protection Trusts, Common Law Trusts, Natural Law Trusts. I find it very confusing when I read the IRS tax law codes applicable to trusts. This book helped me understand why NOT ALL TRUSTS ARE ALIKE - You need the information contained in this book to understand what you are seeing on the internet, to sort out for yourself what is good advice and what is a scam and could get you into trouble with the IRS. I highly recommend this book as a slow read, giving time for digestion of the stories. The way the authors bring you into the "knowing" of how to pass wealth on from one generation to the next is written in a very accessible style. Read and Re-Read - it's not a boring read and you'll find new gems each time you re-read. I'm been taking notes by hand, so I slow down the very nutritious morsels of information in digestible portions. This is a book containing an Art you are learning to practice for the rest of your life. I am a business owner for over 30 years, have read many business and government work contracts, and the legal understanding presented in the Art of Passing the Buck is in English, presented in a way the common man with a love of lifelong learning can readily absorb and use immediately. This book is helping me understand my time is well spent to understand the laws which I wish to live under, for the betterment of my family, community, state, country and ultimately the world. To learn to be a Trustee, whether of your own family's wealth or someone else, is a healthy mind shift from private individual ownership. For your highest good and the highest good of the most number of people around you, I recommend anyone with the slightest interest in the understanding trust, please read this book and build a citizenship of knowledgeable common people, for personal betterment and family and community health. Our greatest assets are our human capital, our experiences and knowledge, and we with our learning we then need to nurture our children on their inherent worth as human beings and trustees of our planet earth.
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