Review by rtyson -- Do I Need a Will or a Trust
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Review by rtyson -- Do I Need a Will or a Trust
Do I need a Will or a Trust by Taylor Phillip Willingham is a guide to purposefully planning your will and/or trust. Taylor’s goal is simple: do a little work now to protect the people that you care about later. To achieve this goal, Taylor dives into the functions of wills and trusts, displaying their differences, benefits, and detriments. He breaks down the complex legal terminology into simple terms and diagrams. This book brings an additional depth of value as the author recounts his first hand experiences as an attorney and gives meaningful suggestions to avoid the pitfalls of the legal process and prevent unintended harm from befalling beneficiaries.
This book started out a little rough. The introduction was a bit disjointed and had a lot of new terminology. By the second chapter the reading was easy, and I was soon flying through the pages. I enjoyed the author’s humor throughout the book. I laughed more than once over the quotes that he used to start his chapters. The author’s use of stories with quoted dialog gives a feeling of real life and makes concepts more thought provoking. There are three vulgar words in this book. Two of the three are from a client’s quote. There is nothing erotic in this book. Unfortunately, this book’s ending seemed abrupt. A quick recap of the information discussed would have been nice, since it contained such a vast quantity of information. Though I greatly enjoyed this book, I dropped the rating to 3 out of 4 stars for multiple formatting errors. The most common formatting error was irregular spacing between words that were set next to pictures, which caused some minor distraction from the reading.
Having little prior knowledge on this topic, I have enjoyed gaining a basic understanding on wills and trusts, their purposes and potential pitfalls. I realized that this book brought up many situations that I hadn’t considered, such as how to transfer ownership of a vehicle or bank account right before or after death, how to protect property from falling into the hands of your heir’s creditors, how to prevent your heirs from blowing all of their inheritance and still lead productive lives, and how to prevent your will from accidentally disinheriting some of your loved ones. Overall, this book has pushed me to consider what would happen to my property if I died today.
If I were to say what I disliked most about this book, it would be the lack of expanded concepts in the introduction that left me wondering what the author was talking about. Within the first couple chapters the author became much more thorough in his descriptions. I also disliked that the author did not summarize his book at the end. Just a few pages to recap some of his main points would have helped solidify them in my head.
I would recommend this book to anyone who wants to know more about wills or trusts and for anyone who has not yet created a will or a trust. I would not recommend this book to anyone who is looking for a list of specific state laws concerning wills or trusts.
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Do I Need a Will or a Trust
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