From the Publisher
The authors were on a mission when they wrote Die$mart - 11 Mistakes that Cost Your Family Money When You Die: Probate, Living Trusts, Power of Attorney (And More). Kathy and Christine had just gone through an agonizing period of serving as a caregiver, and eventually settling their parent's estate. During this time, they became aware of forms and laws that no one talked about in school. The more they learned, the more amazed they were when they experienced what the impact of "dying dumb" means to those left behind.
After experiencing the emotional and financial consequences of "dying dumb", the authors began to research how much people actually knew about the rules that manage their lives in the event of caring for an aging parent or the paperwork required when someone dies. They were astonished to discover in a survey that 85% of the people had never heard of a power of attorney, and that most people don't have a clue about how death or a prolonged illness can impact their lives and financial worth. The sordid truth is that "dying dumb" can cost a family 4 to 8% of their net worth - even more if long term care is involved.
With their background in information workflow, market research and taxes, the authors began to construct a guide to help people manage their affairs so that others won't be blindsided like the authors were. Die$mart is written for the average person - it's easy to understand and will help you save time and money by providing you with information about the facts, laws and forms that manage your affairs as we age and die. You can use this information to have a conversation with your parents, your lawyers and your financial planner---no matter the size of the estate.
Die$mart will help you understand that what you don't know - or don't do - will cost you and your family dearly in the end.
From the Author
This book was written from our personal experience, with legal review from the law firm of Spector Weir LLP. We thought we were educated people. We have degrees in business. We managed businesses. However, when it came to caring for aging parents and serving as an executor/trustee, we kept discovering facts we didn't know about. Even though we had spent time and money with estate planning lawyers. Facts that cost our family time and money. We wanted to share our knowledge...and hopefully provide the information you need to take care of your affairs while you can.
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