Review by Sonja Jacobs -- Do I Need a Will or a Trust
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Review by Sonja Jacobs -- Do I Need a Will or a Trust
A subject that is most often avoided is death, and what will happen to family and belongings when it occurs. Although death is the one thing everybody can be certain of, it seems to be a scary subject. If you tend to avoid the subject of death and estate planning, the book Do I Need A Will or A Trust by Taylor Phillip Willingham, J.D. M.S. is an important read.
The book consists of three parts. The first part explains legal terminology and the meaning of a will and a trust. The second part delves deeper into wills and trusts and the difference is explained. There are three different types of wills and the distinctions are explained. The third part explains why a trust should be created. There are a wide variety of different trusts and your specific situation will determine what type of trust should be used.
After reading the book, the conclusion I make is that everybody needs a will, but not everybody needs a trust. It will depend on the situation.
Taylor Phillip Willingham is an experienced estate planning and probate attorney. He achieves what I think not many in his profession can achieve. He simplifies legal terminology so that people without any legal experience can easily understand it. He uses real-life, relatable scenarios to show the importance and or the necessity of a will or a trust. The use of humor makes it an easy, and even enjoyable read and also shows the confidence and experience of the author.
What I enjoyed most about the book is the simple explanations and examples as well as the use of memes to give a light feeling to a serious subject. I also liked the use of diagrams and footnotes as it is proof that the author has done proper research and has in-depth knowledge about the subject. There is nothing in particular that I did not like about the book, except that it is only written for the state of Texas. I would suggest the author mention this at the beginning of the book as it may not be helpful for international readers.
I would suggest the book to all adults, regardless of age. This is a very important subject matter that can not be ignored. It is also true that many people in the legal profession don’t always advise clients correctly, which may cause great frustration, shock, loss, and sadness in a time when it is least needed.
The copy I have read seems to be professionally edited, however from page 61 onwards, paragraph spacing wasn’t done correctly. The few spelling errors I noticed are not a concern. My opinion is that the book is a well written, practical guide for a very difficult subject. I, therefore, rate this book 4 out of 4 stars.
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Do I Need a Will or a Trust
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