The Complete Guide to Wills, Trusts, & Estates: What You Need to Know Explained Simply - Softcover

Margo Pierce

9781601382030: The Complete Guide to Wills, Trusts, & Estates: What You Need to Know Explained Simply

Softcover

ISBN 10: 1601382030 ISBN 13: 9781601382030

Publisher: Atlantic Pub Co, 2008

Most people find thinking about the possibility of disability or death extremely unpleasant; however, planning for these occurrences in advance will reduce potential stress later in life. With the help of this new book, you can take the guesswork out of planning and finally understand the complex processes.

The Complete Guide to Wills, Trusts, & Estates will provide you with all the information you need to choose, set up, and execute a will, trust, or estate. You will learn the terminology, including such words as beneficiary, probate, trustor, trustee, assets, guardianship, and executor. You will also learn about trust agreements, trust property, settlement costs, life insurance, durable power of attorney, marital deductions, gift splitting, survivorship deeds, gift tax issues, generation skipping transfer tax, tax deferred accounts, and advance directives.

Furthermore, you will learn how to protect your financial privacy, how to plan for long-term care, how to reduce or eliminate taxes, and how to choose beneficiaries and executors. By reading this book, you will understand the differences among living trusts, 529 plans, limited term trusts, life insurance trusts, estate freeze trusts, qualified personal residence trusts (QPRT), privacy trusts, A/B trusts, qualified terminable interest property trusts (QTIP), child's trusts, and irrevocable trusts. You will know which will, be it holographic, nuncupative, self-proving, statutory, simple, joint, living, mutual, ethical, electronic, or video, fits your needs. In addition, you will be provided with estate planning strategies in easy to understand language that will make the task seem much less burdensome.

Whether you are writing your will, establishing a trust, or planning your estate for the first time or you are updating or revising your previous plans, The Complete Guide to Wills, Trusts, & Estates will give you all the tools and knowledge you need to decide where your assets will go when you die and to whom.

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 288 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.

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Review:

While death and taxes are inevitable, most of us would rather not talk about or plan for this situation. Similarly, we would rather not talk about money or religion. Yet, all of these topics must be considered, discussed, and included in an effective estate plan. In her book, Your Wills, Trusts, & Estates Explained Simply, Margo Pierce simplifies the concepts and questions involved in estate planning and explains the various documents and procedures in an easy-to-understand style. While there are many estate planning guides on the market, this guide is particularly helpful in both content and presentation. The book is complete with a glossary and worksheets to inventory your estate, help set your priorities, and specify bequests. Your Wills, Trusts, & Estates includes a worksheet to help you plan your memorial service (if any) and checklists to help you choose various professionals you may need while planning your estate, including Estate Planners, Executors or Trustees, and Guardians. To make the work of planning your estate more achievable and interesting, the book profiles a number of professionals who may be involved in your estate planning process. In addition to providing vital information and considerations for each profession, these case studies remind readers that they need not (and in fact should not) plan their estate alone. There are many good, qualified professionals available to help. The profiles also help readers decide which professionals they need in order to complete their own unique estate plan. By using specific examples and stories, Your Wills, Trusts, & Estates helps readers think through a variety of issues involved in estate planning, including the long-term results of gifts, the lifestyles of both the giver and recipient, and the tax consequences of gifts. If a reader is overwhelmed by the prospect of sitting down and creating a comprehensive estate plan, this book can be used to set estate planning priorities and break the process down to manageable and achievable tasks. To help ensure that the plan actually gets completed, the book includes a summary sheet on which you can record deadlines you set for completing the various documents, as well as the completion dates. Because your estate can change throughout your life, the book includes a worksheet to help you ensure that you maintain your estate plan. Planning your estate may be something that you have been putting off for years. With the help of author Margo Pierce and her book Your Wills, Trusts, & Estates, planning your estate does not have to be the grueling task you have been dreading. With the resources provided within, you can now plan your estate in order to make sure your wishes will be carried out and your loved ones will be taken care of. --Sue Holm, JD., CFRC

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