Estate Planning Basics

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9781413310504: Estate Planning Basics
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Estate planning rules explained in one quick read!

Estate Planning Basics provides concise, straightforward, and easy-to-read explanations of the major components of estate planning, so that you don't have to spend hours wading through endless options (most of which apply to the wealthy).

Learn about:

  • choosing beneficiaries
  • estate planning by parents with minor children
  • wills
  • living trusts
  • other probate-avoidance methods, including using a retirement plan like an IRA or 401(k) as an estate planning device
  • estate taxes and tax-reduction methods
  • trusts for people in second marriages, or for those leaving property to a disabled person
  • planning for the handling of medical and financial decisions if one becomes incompetent

    Attorney Denis Clifford gives you the reliable, plain-English answers you need, whether you're doling out the family heirlooms or trying to steer clear of estate taxes. The 5th edition has been fully updated to reflect your state's latest estate planning laws and information.
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    About the Author:

    Denis Clifford, a graduate of Columbia Law School, where he was an editor of The Law Review, is a lawyer who specializes in estate planning. He is the author of many Nolo titles including Quick and Legal Will Book and Make Your Own Living Trust and co-author of Plan Your Estate and A Legal Guide for Lesbian and Gay Couples. He has been interviewed by such major media as The New York Times, Los Angeles Times, and Money Magazine.

    Review:

    "A search of more than a dozen books in my reference library uncovered a mention of the stepped up basis in all, but only Estate Planning Basics... makes it clear that the basis of inherited property is adjusted up or down." (Florida Sun-Sentinel 2009-01-02)

    "One of the simplest and best overviews of the estate-planning process. It will help you understand most of the documents you need, and some basic planning (including disability planning, which too many authors overlook)." (The Wall Street Journal 2009-01-02)

    "Will be appreciated by those with modest estates who want a quick overview." (Library Journal 2009-01-02)

    "About this title" may belong to another edition of this title.

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