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New 7th edition for 2016 Hailed as America's best book on living trusts, "Understanding Living Trusts(R) " 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.