AARP Crash Course in Estate Planning: The Essential Guide to Wills, Trusts, and Your Personal Legacy, Updated Edition

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Overview

Scrutinized for accuracy by AARP’s legal specialists, and completely up-to-date, this indispensable volume covers every aspect of planning an estate and creating a will. A crash course in one handy volume, the book walks readers through the entire process, from understanding the distinction between probate and nonprobate property to delegating a durable power of attorney, and from resolving possible tax issues ahead of time to safeguarding your assets.

In these pages you will find:

• Comparisons of wills and simple living trusts.
• Advice on guardianship and advanced medical ...

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More About This Book

Overview

Scrutinized for accuracy by AARP’s legal specialists, and completely up-to-date, this indispensable volume covers every aspect of planning an estate and creating a will. A crash course in one handy volume, the book walks readers through the entire process, from understanding the distinction between probate and nonprobate property to delegating a durable power of attorney, and from resolving possible tax issues ahead of time to safeguarding your assets.

In these pages you will find:

• Comparisons of wills and simple living trusts.
• Advice on guardianship and advanced medical directives.
• Explanations of the role and powers of a trustee and what steps to take in the case of suspected misconduct.
• A primer on marshaling and protecting retirement assets.
• Help in planning for children with disabilities.
• A primer on marshaling and protecting retirement assets.
• Help in planning for children with disabilities.
• Ideas for making sure your money stays in the family in case a spouse remarries; and much, much more.

Product Details

  • ISBN-13: 9781402758607
  • Publisher: Sterling
  • Publication date: 2/5/2008
  • Edition description: Revised
  • Pages: 272
  • Sales rank: 334,774
  • Series: AARP Series
  • Product dimensions: 6.80 (w) x 8.90 (h) x 0.70 (d)

Customer Reviews

Average Rating 4
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Sort by: Showing all of 9 Customer Reviews
  • Anonymous

    Posted February 13, 2005

    A Must-Read For All Retirees

    This exceptional, easy-to-understand reference MOTIVATES its readers to take action, which qualifies it as the most comprehensive source recently written on estate planning. It challenges the reader to probe deeper than 'I need to write my own will,' especially emphasizing today's re-marriage, children-by-various-spouses scenarios. Mr. Palermo's writings provides the REASONING behind will, trust, estate, and control decisions, and therefore empowers its readers beyond the normal estate planning verbage. I highly recommend this version to retirees who have the time, desire, and knowledge to consider an unbiased source when contemplating their financial legacies. This belongs on many required reading lists.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted February 23, 2005

    An Excellent Way to Get the Basic Information People Want and Need

    Most people don't want to be a burden to others. They want to make a plan, to be certain things happen the way they want if they die or become sick. Lawyers know the best way to get this done in their local jurisdiction. What makes this book so helpful is that it doesn't pretend to substitute for a legal education, years of experience in the field of taxation and estate planning, and advice based on an understanding of your personal situation. Instead, it helps people get the general information they need so they can maximize the time they spend with their lawyer. That way they will get a plan they can know will work for themselves and their families when the chips are down. And that way, they can get the peace of mind that estate planning is really all about.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted January 25, 2005

    Understandable and Highly Informative

    This is an excellent book for anyone with questions, or people who don¿t know what questions to ask. It¿s easy to ready, well organized, and has some interesting stories, some of which I can relate to. Plus, if you¿re like me, a single parent, you want to protect your assets for your children. I looked into living trusts, and learned a lot from Mr. Palermo. There are a lot of books out there, but I¿m glad I started with this one. I think the AARP Crash Course will be a book I¿ll refer to again and again. By the way, I strongly disagree with the previous reviewer. This book is not just a plug for lawyers. In fact, there is an Appendix with a list of the steps involved in probating a will by yourself. Mr. Palermo points out, however, that it is easy to overlook something. It seems well worth hiring a lawyer for an hour or so, just to review what you¿ve done, as Mr. Palermo recommends. If you do your own estate planning or probate work, you'll have peace of mind in knowing it was done correctly.

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  • Anonymous

    Posted January 14, 2005

    A promotion for lawyer services

    The primary goal of this book is to convince the reader that they need to use the services of estate attorneys for both planning and probate. The author tells you why you need a will or a trust, and then goes on to tell you how critical it is to have an attorney handle your estate both before and after death. Sadly lacking is information about avoiding the use of attorneys for what are really very routine matters, such as probating uncontested wills. If you are smart enough to read and understand this book, then you are probably smart enough to do a lot of the work yourself that the author urges you to have an attorney handle. Although this book contains lots of useful information about estate planning, it should not be your only source of estate planning advice. Read one of the Nolo books, too, to get a more balanced viewpoint about when the services of an attorney are needed.

    Was this review helpful? Yes  No   Report this review
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    Posted July 29, 2010

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    Posted March 30, 2010

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    Posted December 20, 2010

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