Managing Your Inheritance: Getting It, Keeping It, Growing It--Making the Most of Any Size Inheritance - Softcover

Card, Dr. Emily; Miller, Adam

Softcover

ISBN 10: 0812926005 ISBN 13: 9780812926002

Publisher: Three Rivers Press, 1997

Synopsis

During the next 20 years, over 60 million Americans will inherit an estimated $8 trillion in an unprecedented shifting of wealth. Most of these new heirs are unprepared to handle the windfall, and Managing Your Inheritance will be a godsend. The authors walk readers through every phase of the inheritance process, and show how to protect family wealth through intelligent saving and investing. Author tour. 25,000 print.

About this title

From the Inside Flap

ext 20 years, over 60 million Americans will inherit an estimated $8 trillion in an unprecedented shifting of wealth. Most of these new heirs are unprepared to handle the windfall, and Managing Your Inheritance will be a godsend. The authors walk readers through every phase of the inheritance process, and show how to protect family wealth through intelligent saving and investing. Author tour. 25,000 print.

Reviews

Card (The Ms. Money Book) is an investment adviser and an attorney specializing in business law; Miller is a CPA and a lawyer. In this comprehensive guide, they address the psychological, legal, taxation and investment consequences of receiving a life-altering inheritance-whether in the millions or a more modest sum. Inheritance assets, usually in the form of life insurance, real estate, living trusts, wholly owned stocks and bonds, cash in the bank or a share in a business, often present unexpectedly complex problems of probate processing, heir apportionment and liquidation, to name a few. The authors recommend professional help-lawyers ("either you are one or need one"), financial advisers, stockbrokers and others who can help heirs deal with such facts of life as a trust's "corpus," "regression to the mean," "remaindermen" and the Alternative Minimum Tax. This book is so full of useful information that you won't need an inheritance to profit from it.
Copyright 1996 Reed Business Information, Inc.

Card, a financial columnist for Ms. and author of the best-selling Consumer Reports Money Book (LJ 5/1/92), and Miller, a lawyer, accountant, and business consultant, have written an outstanding guide to help heirs deal with their inheritances. The authors state that in the next few decades over 100 million Americans can expect to receive inheritances averaging $90,000. Their guide discusses four levels of inheritance, ranging from modest (less than $50,000) to great (in the millions). Lifestyle changes that can be expected and problems families can have in dealing with their elders' inheritance are covered. The authors explain well what happens after a family member dies and the process involved in probating and closing an estate or trust. They also offer an outstanding section on managing the inheritance through investments and advice on planning your own estate. Highly recommended for most libraries.?Joel Jones, Kansas Cty. P.L., Mo.
Copyright 1995 Reed Business Information, Inc.

Edition details

• Publisher: Three Rivers Press
• Publication date: 1997
• Language: English
• ISBN 10: 0812926005
• ISBN 13: 9780812926002
• Binding: Paperback
• Edition number: 3
• Number of pages: 352