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Updated 7th edition includes 2017 Federal tax exemptions and rates! Hailed as America s best book on living trusts, Understanding Living Trusts has been a favorite of consumers and professionals for more than 25 years, with sales now approaching 400,000 copies! it is a must-read for individuals and families with all size estates, and makes an ideal gift for friends and grown children. in these 294 easy-to-read pages, award-winning writer Vickie Schumacher explains in clear, conversational English how you can lose control when you have a will. when you have no plan. when you use joint ownership. when you give away assets. and when you rely on beneficiary designations. She then explains how a living trust can give you maximum control, both at incapacity and after you die. the many benefits beyond avoiding probate. and why a living trust meets the needs of today s families far better than any other estate plan. This book is also your personal action plan f