Most helpful positive review
43 of 46 people found the following review helpful
Solid, comprehensive and timely guide
on September 9, 2011
Yes, I know what many of you are thinking- I'm not rich, so why do I need a Estate Planning guide? Well, you're partly right. Sure, your estate won't have to pay estate taxes, that's only for the wealthy. But without some degree of planning you can make things much more difficult for your loved ones- just at a time when things are bad enough anyway.
Take my Dad. Ok, he didn't have a lot of money to leave us. And, he was smart enough to make his bank accounts in trust for us. (This book covers that simple and free trick). He also had a simple will. But he also had a nearly worthless few acres he had bought out in the desert, and he didn't make any special arrangements for it. The hoops and expense we had to go through for that little bit of nearly worthless desert land were astounding.
So, my Dad was a smart guy, and well educated with a Master's and so forth. Still, a book like this would have saved at least one big headache.
And, I have seen many more families get hit with worse financial headaches and even disasters due to no planning at all. Really- even us middle class folks need some estate planning. Don't put it off. I agree with the author when she says "One of the biggest estate planning mistakes people make is waiting too long to start."
This book is comprehensive, fairly easy to understand and up to date. What's nice is that there are sections which are good for those who wouldn't seem to need a "self-help" book- those who have a big enough estate as to bring in a Estate planning attorney. For those few, it covers the legal gobbeldygook that lawyers use, allowing you to have a chance at understanding what your lawyer is saying.
And what's nice is that it's reasonable priced too, so there goes your last argument.