Revocable Trusts Line by Line

This guide to drafting revocable trusts, authored by an experienced estate planning practitioner and academic, is a must-have desk reference for any attorney who prepares revocable trusts. Revocable Trusts Line by Line is also a handy reference for those who create revocable trusts as part of their own estate planning and for trustees of revocable trusts who are charged with understanding and administering these trust instruments. The sample clauses and analysis provide a generalized, non-state-specific starting point for creating a trust that will truly effectuate the goals of the grantor and address the variety of property, trust, and tax laws that are implicated in the use of a revocable living trust as a will-substitute. This book distills these complex rules into manageable clauses with a practical application. In addition, the author provides a thorough discussion of the manner in which to modify various clauses to accomplish a variety of objectives. Revocable Trusts Line by Line offers insightful and practical advice for avoiding the traps for the unwary and the types of issues to consider in crafting a meaningful and effective trust instrument.

Kelley Galica Peck, JD, LLM, is the chair of the Trusts & Estates Practice Group at the Hartford, Connecticut-based law firm of Halloran & Sage LLP. For more than a decade, her practice has been dedicated exclusively to complex and sophisticated estate planning. Ms. Peck is also an adjunct professor of law in the Master of Laws (LLM) program in Estate Planning and Elder Law at Western New England School of Law in Springfield, Massachusetts, teaching advanced legal courses in drafting wills and trusts and tax planning for the marital deduction.