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A Matter of Trust (Paperback)
Peggy R. Hoyt, Candace M Pollock; Foreword by Jacqueline Powers
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R494
R411
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A Matter of Trust is a book for everyone - everyone, that is, who
cares about what happens to them in the event of disability and to
their legacy at the time of their death. Maggie Kinnick was a widow
of comfortable means who created a revocable living trust on the
advice of her trusted advisors after the death of her only child,
Pat. Her trust was created to provide Maggie with financial
caretakers and oversight in the event she could no longer handle
her own affairs due to mental incompetence and to distribute her
legacy at her death. Her trust met the letter of the law and had
typical "lawyer language" giving broad discretion to the trustees
to expend funds on her behalf. No one anticipated that "discretion"
cuts both ways and the trustee would exercise discretion not to
expend funds for Maggie - primarily out of an abundance of caution
to preserve her assets. Instead of protecting Maggie, the trust and
its interpretation by the trustees created a living nightmare for
her -- one that continued even after her death. A Matter of Trust
is the definitive guide to create legal directives so that Maggie's
nightmare can be avoided and to provide guidance on the creation of
personalized instructions to properly guide caretakers about when
and how discretion should be exercised. Estate planning attorneys
and authors, Peggy R. Hoyt and Candace M. Pollock, present the real
truth about trusts, trustees, and about the need for proper estate
planning. Join them on Maggie's journey through a living trust
abyss. Create a different result for yourself!
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