If you’re like most people, you want to be sure that, onceyou’ve passed on, no more of your property and money will belost to the government than is absolutely necessary. You want toknow that you’ll be leaving your heirs your assets and notyour debts. You want to be absolutely certain that your will isship-shape, your insurance policies are structured properly, andthat every conceivable hole in your estate plan has been filled.And most of all, you’d like to do all of this without drivingyourself crazy trying to make sense of the complicated jargon,jumble of paperwork, and welter of state and federal laws involvedin the estate planning process.
Written by two estate planning pros, this simple, easy-to-useguide takes the pain out of planning for your ultimate financialfuture. In plain English, the authors walk you step-by-step througheverything you need to know to:
- Put your estate into order
- Minimize estate taxes
- Write a proper will
- Deal with probate
- Set up trusts
- Make sure your insurance policies are structured properly
- Plan for special situations, like becoming incompetent and petcare
- Craft a solid estate plan and keep it up-to-date
Don’t leave the final disposition of your estate up tochance and the whims of bureaucrats. Estate Planning ForDummies gives you the complete lowdown on:
- Figuring out what you're really worth
- Mastering the basics of wills and probate
- Using will substitutes and dodging probate taxes
- Setting up protective trusts, charitable trusts, living trustsand more
- Making sense of state and federal inheritance taxes
- Avoiding the generation skipping transfer tax
- Minimizing all your estate-related taxes
- Estate planning for family businesses
- Creating a comprehensive estate plan
Straightforward, reader-friendly, easy-to-use, EstatePlanning For Dummies is the ultimate guide to planning yourfamily’s future.
About the Author
N. Brian Caverly, Esq., is an attorney-at-law emphasizing estate planning and elder law. Jordan S. Simon is Vice President of Asset Management at Venture West, a Tucson-based investment firm.
Table of Contents
Part I: Estate Planning Fundamentals.
Chapter 1: Congratulations: You Have an Estate!
Chapter 2: Bean Counting — Figuring Out What You’reWorth.
Part II: Where There’s a Will, There’s aWay.
Chapter 3: Understanding the Basics of Wills.
Chapter 4: Tied Hands and Helping Hands: What You Can andCan’t Do with Your Will.
Chapter 5: Probate: Top of the Ninth for Your Estate.
Chapter 6: Dodging Probate: Saving Time and Money with a WillSubstitute.
Part III: Matters of Trust.
Chapter 7: Understanding Trusts.
Chapter 8: Trusts You May Want to Trust — or Not.
Chapter 9: Working a Trust Into Your Estate Plan.
Part IV: Life, Death, and Taxes.
Chapter 10: Preparing for the Tug of War with the Taxman.
Chapter 11: The Gift Tax: Isn’t Giving a Gift Enough?
Chapter 12: Skipping Around the Generation Skipping TransferTax.
Chapter 13: Paying or Not Paying the Death Tax: That’s theQuestion.
Chapter 14: Planning to Minimize All Your Estate-RelatedTaxes.
Part V: Estate Planning for Family Businesses.
Chapter 15: Grasping the Basics of Estate Planning for FamilyBusinesses.
Chapter 16: Transferring Ownership and Paying Estate Taxes in aFamily Business.
Part VI: Crafting a Comprehensive Estate Plan.
Chapter 17: Factoring Insurance into Your Estate Plan.
Chapter 18: Connecting Your Retirement Funds to Your EstatePlans.
Chapter 19: Estate Planning in Exceptional Situations.
Part VII: The Part of Tens.
Chapter 20: Ten Questions to Get You Rolling on Your EstatePlan.
Chapter 21: Avoiding Ten Common Mistakes and Problems in YourWill.
Chapter 22: Ten Estate-Planning Resources on the Internet.
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