Estate Planning and Administration: How to Maximize Assets, Minimize Taxes and Protect Loved Ones - Softcover

Fleming, Edmund T.

Softcover

ISBN 10: 1581150830 ISBN 13: 9781581150834

Publisher: Allworth Pr, 2001

Synopsis

The complexities of planning and administering an estate are clearly explained in this up-to-date and authoritative guide. This new edition covers the best techniques for transferring property through Irrevocable Life Insurance Trusts, gifting programs, paying grandchildren's medical and tuition expenses, and more. From wills, trusts, powers of attorney, and health care directives to probate and administering an estate, it's all here in easy-to-read, plain English. A five-step planning process details how to create and implement a sound estate plan.





• This replaces 1-58115-083-0

About this title

About the Author

Edmund T. Fleming is a certified public accountant and attorney in private practice, specializing in real estate, estate planning, and probate cases. He has been a member of the Chicago Bar Association's Estate Planning and Probate Committees, and he serves as chief of the U.S. Railroad Retirement Board's audit and compliance section. Earlier in his career, he spent ten years as an auditor for the Internal Revenue Service. He lives in Downers Grove, Illinois.

From the Inside Flap

The first book dedicated to both the planning and administering of estates, this indispensable volume offers such tips as:

• a five-step process detailing how to create and implement a sound estate plan
• in-depth coverage of federal tax issues
• money-saving techniques for decreasing estate taxes
• how to fulfill all the necessary federal requirements when settling an estate
• samples of essential forms such as wills, affidavits, powers of attorney, living trusts, and many others The numerous checklists and "true life" examples provide the layperson with indispensable tools for understanding and working through the complete estate planning and administration process. The information contained in this volume is crucial for saving time and money and reducing stress for anyone involved in setting up or handling an estate.

Reviews

Attorney and certified public accountant Fleming adds a new title to the arsenal of resources on estate planning. Presenting the process as a series of decisions to be made, he methodically provides the information needed to make them. Fleming covers wills, trusts, income and estate taxes, powers of attorney, and the responsibilities of executors and administrators. Each chapter begins with a "points to consider" section containing practical tips, observations, and numerous checklists to help readers assemble documents and understand processes. The appendixes include sample wills, powers of attorney, living trusts, a glossary, and a directory of information sources. Comparable in quality and scope to Dawn Bradley Berry's The Estate Planning Sourcebook (Lowell, 1999) and Denis Clifford and Cora Jordan's Plan Your Estate: Absolutely Everything You Need To Know To Protect Your Loved Ones (Nolo, 2000), this book is good preparation for a meeting with estate-planning professionals. Joan Pedzich, Harris Beach LLP, Rochester, NY
Copyright 2001 Reed Business Information, Inc.

Edition details

• Publisher: Allworth Pr
• Publication date: 2001
• Language: English
• ISBN 10: 1581150830
• ISBN 13: 9781581150834
• Binding: Paperback
• Number of pages: 243