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Estate Planning For Dummies
 
 
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Estate Planning For Dummies [Paperback]

Jordan Simon (Author), Brian Caverly (Author)
3.3 out of 5 stars  See all reviews (9 customer reviews)

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Book Description

March 7, 2003 0764555014 978-0764555015 1
If you’re like most people, you want to be sure that, once you’ve passed on, no more of your property and money will be lost to the government than is absolutely necessary. You want to know that you’ll be leaving your heirs your assets and not your debts. You want to be absolutely certain that your will is ship-shape, your insurance policies are structured properly, and that every conceivable hole in your estate plan has been filled. And most of all, you’d like to do all of this without driving yourself crazy trying to make sense of the complicated jargon, jumble of paperwork, and welter of state and federal laws involved in the estate planning process.

Written by two estate planning pros, this simple, easy-to-use guide takes the pain out of planning for your ultimate financial future. In plain English, the authors walk you step-by-step through everything 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 pet care 
  • Craft a solid estate plan and keep it up-to-date

Don’t leave the final disposition of your estate up to chance and the whims of bureaucrats. Estate Planning For Dummies 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 trusts and 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, Estate Planning For Dummies is the ultimate guide to planning your family’s future.


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Editorial Reviews

From the Back Cover

Pass on your money and property, not your tax burden

The straightforward, reader-friendly guide to planning for your family’s future

Worried about what will happen to your assets after you’re gone? Don’t want to leave your heirs with a fat tax bill? Relax! Now there’s Estate Planning For Dummies, the simple guide that takes the pain out of planning for the future. It’ll help you minimize estate taxes, write a proper will, keep your plan up-to-date, and much more!

The Dummies Way

  • Explanations in plain English
  • "Get in, get out" information
  • Icons and other navigational aids
  • Tear-out cheat sheet
  • Top ten lists
  • A dash of humor and fun

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.

Product Details

  • Paperback: 384 pages
  • Publisher: For Dummies; 1 edition (March 7, 2003)
  • Language: English
  • ISBN-10: 0764555014
  • ISBN-13: 978-0764555015
  • Product Dimensions: 9.3 x 7.3 x 0.8 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 3.3 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Best Sellers Rank: #250,681 in Books (See Top 100 in Books)

More About the Author

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Customer Reviews

9 Reviews
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Average Customer Review
3.3 out of 5 stars (9 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

51 of 52 people found the following review helpful:
5.0 out of 5 stars A Great Balancing Act, May 8, 2003
This review is from: Estate Planning For Dummies (Paperback)
I already owned several books about estate planning when I bought Estate Planning For Dummies. The books I had were pretty comprehensive, but they went into far more detail than I really needed, and I wound up not doing as much as I should have since I was more confused than anything trying to digest all the different kinds of trusts, etc. However, this book gets right to the heart of the various topics it covers (and is pretty funny in some places, too!). It doesn't try to be an encyclopedia or a book for estate planning lawyers. But it succeeds at what it does apparently intend to do, which is help the average person like me understand just what I need to concentrate on for my estate planning and what I don't need to worry about. Bill Gates and Warren Buffett wouldn't get much out of reading it (though they might find it entertaining) but for the other 99% of us it's the perfect book to help figure out where we are in estate planning and what else we need to do. I definitely recommend it, it's very easy to read.
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38 of 38 people found the following review helpful:
5.0 out of 5 stars Extremely well organized., April 2, 2003
By 
Jack Sevey Jr. (Northern CA, United States) - See all my reviews
This review is from: Estate Planning For Dummies (Paperback)
I read a lot of Dummies books, and one thing I really like about them is that they are usually well organized. Estate Planning for Dummies is no exception. The authors start with relatively simple concepts like just what is your estate and how to figure out how much it's worth, and then move on to wills. There is lots I didn't know about wills, such as what they discuss about probate. Then they move into trusts, and do a good job since they get right to the heart of the matter and help you figure out whether or not trusts even make sense, depending on your particular situation. I also thought the chapters on estate taxes were well done, too. I knew about the federal estate tax, which doesn't apply to me, but I was unaware of gift taxes, state inheritance taxes, and the estate recovery act.

All in all, I now have a much better idea of estate planning and even picked up a few hints to talk to my lawyer about for adjusting my will, which I already had but hadn't updated in a long time. That's another thing the authors do well, which is mention over and over how you need to regularly update your will, your insurance, and everything else that's part of your estate planning.

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42 of 45 people found the following review helpful:
2.0 out of 5 stars They weren't kidding when they said "for dummies", April 28, 2005
By 
Paul (Bay Area, CA United States) - See all my reviews
This review is from: Estate Planning For Dummies (Paperback)
I didn't find this book helpful at all. It just barely skims the surface, and usually concludes with "make sure you talk to your accountant/attorney/estate planner." If I intended to talk to all those folks, I wouldn't waste my time reading this book in the first place. Most of what this book covers could be learned by snooping around the web - and in many cases you can learn more that way. It defines the terminology, but even that is often inadequate. I suggest you check this book out from the local library, and then if you find it to be a useful resource go ahead and buy it. I wish I had done that - I don't feel this book has enough information to really qualify as a reference book.
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Inside This Book (learn more)
First Sentence:
The protection and control that you need. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
federal estate tax exemption amount, allowance statutes, spousal elective shares, intervivos trust, million exemption amount, nonskip person, abatement statutes, giving clauses, comprehensive estate plan, overall estate planning, community property statutes, estate tax break, business valuator, estate tax considerations, tax exclusion amount, marital deduction trust, annual exclusion amount, intestate laws, generation skipping transfer tax, residuary clause, federal estate taxes, financial planning professionals, irrevocable life insurance trust, intestate succession laws, paying estate taxes
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, Estate Recovery Act, Matters of Trust, Factoring Insurance, Exceptional Situations, Understanding the Basics of Wills, Dodging Probate, Gift Enough, Isn't Giving, Minimize All Your Estate-Related Taxes, Rocky Two, The Part of Tens, Connecting Your Retirement Funds, That's the Question, Understanding Trusts, Trusts You May Want, Wiley Publishing, Bean Counting, Figuring Out What You're Worth, United States, Bermuda Triangle, Certified Financial Planners, Certified Public Accountant, Exclusion Amt, Get You Rolling
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