This guide makes the fundamentals of estate, financial, and tax planning easy to understand, while explaining the benefits of a living trust in the estate-planning process. The book deals directly with subjects not covered in other guides (such as planning for the HIV positive) and offers effective, up-to-date strategies that will save money and property. Glossary.
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Book Description
Editorial Reviews
From Library Journal
There has been so much public interest in estate planning that it is no surprise that three new books on the subject have emerged at the same time. Each takes a different approach and addresses different goals. The American Bar Association Guide to Wills and Estates overviews the law of estate planning. It provides explanations of wills, trusts, and living trusts and covers essential information like choosing an executor, dealing with taxes, and planning for disability. An estate-planning checklist allows readers to evaluate their own situation to create or update their estate plan. Important concepts appear in shaded boxes; there is also a helpful section on where to get more information. The most basic of the three titles, this is a good choice for those getting started or looking for an organized review of the issues. Written for those who want to draft their own wills, Anosike's volume is in workbook style with text, forms, and worksheets that provide an outline of things to consider and procedures for constructing the instruments necessary for an estate plan. The author also provides forms for constructing a living will for each state as well as the legal requirements for a valid will in every jurisdiction. There are useful details in this book, including a sample letter of instructions to an executor. The writing and layout could use some polish, but the information is current and complete. Do-it-yourselfers will want to compare this to Denis Clifford's Nolo's Simple Will Book, 2d ed. (Nolo Pr., 1989; updated in later printings), which is somewhat cleaner in style. Attorney Platt has designed his book to prepare the reader to become better informed to participate in the planning process with estate professionals. He is clearly an advocate of the living trust, the popular device that allows individuals to place their assets in trust while they are still alive. The trustor retains control of the assets during his or her lifetime, with heirs avoiding expensive and time-consuming probate procedures after the trustor's death. Platt's treatment of the topic is expansive and timely. He devotes entire chapters to the unique problems of people with AIDS and for those with children with special needs. There is a solid glossary and a worksheet for determining net worth. Recommended for subject collections.?Joan Pedzich, Harris, Beach & Wilcox, Rochester, N.Y.
Copyright 1995 Reed Business Information, Inc.
Copyright 1995 Reed Business Information, Inc.
Review
Fundamental basics of estate and tax planning are discussed in a title which provides the latest legal information and strategies. Use this to contemplate and establish a living trust plan, and to further an understanding of estate and gift taxes, charitable contributions, and special circumstances such as the estates of AIDS sufferers. -- Midwest Book Review
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Most Helpful Customer Reviews
5 of 5 people found the following review helpful:
2.0 out of 5 stars
Not a good introduction,
By
This review is from: Your Living Trust and Estate Plan: How to Maximize Your Family's Assets and Protect Your Loved Ones (Paperback)
This book seemed to be written more as a reference manual than a user's guide. It has lots of detail (probably more than I really want) on many different kinds of trusts, but it never attempts to put everything together to give you any idea how to start coming up with a comprehensive plan. I realize that I need an adviser to come up with an actual plan, but I was hoping that reading this book would give me some ideas of where to start. Unfortunately, that was not the case. It describes each tree in the forest in (sometimes excruciating) detail, but I still need a map of the forest. Ideally, I would like some examples of paths that people in different situations might take through the forest.
1 of 1 people found the following review helpful:
4.0 out of 5 stars
Material is good, but dated.,
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This review is from: Your Living Trust and Estate Plan: How to Maximize Your Family's Assets and Protect Your Loved Ones (Paperback)
This is a pretty good book, but like any text providing legal information, it's quickly becoming outdated - at least with respect to the generation-skipping transfer tax system (GST).
The book lists the GST exemption as $1.1 million (which was correct waaaaay back in 2002), yet it's currently at $2 million. In 2009, the exemption will be $3.5 million, and in 2010, the tax will be repealed. For more updated information, readers should search the Internet for "The Economic Growth and Tax Relief Reconciliation Act of 2001." Either that, or consult an attorney (who would be familiar with such information). If you want general information, this book is certainly worth buying used, but it's time for a re-release.
3 of 7 people found the following review helpful:
4.0 out of 5 stars
GREAT BOOK,
This review is from: Your Living Trust & Estate Plan (Paperback)
This book gives a easy to understand look into estate planning and Living Trusts. The authors point out great information about both
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First Sentence:
This chapter provides an overview of the entire process of the planning of an estate. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Internal Revenue Service, United States, Internal Revenue Code, Code Sec, Uniform Probate Code, Minors Act, North Carolina, Supplemental Needs Trust, District of Columbia, Family Split Dollar, Supreme Court, South Carolina, New Mexico, North Dakota, Puerto Rico, The Service, Risk of Acquired Immune Deficiency Syndrome, Supplemental Security Income, The Subsequent Marriage, Uniform Gifts New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
This chapter provides an overview of the entire process of the planning of an estate. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Internal Revenue Service, United States, Internal Revenue Code, Code Sec, Uniform Probate Code, Minors Act, North Carolina, Supplemental Needs Trust, District of Columbia, Family Split Dollar, Supreme Court, South Carolina, New Mexico, North Dakota, Puerto Rico, The Service, Risk of Acquired Immune Deficiency Syndrome, Supplemental Security Income, The Subsequent Marriage, Uniform Gifts New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 11
books:
See all 11 books this book cites
- Retire Smart: Sound Advice to Help You Make Your Retirement Years Happy, Healthy and Active by David Cleary in Back Matter
- Old Money: The Mythology of Wealth in America by Nelson Aldrich Jr in Back Matter
- Money Secrets of the Rich and Famous by Michael Renard in Back Matter
- The American Revolution by R. G. Grant on page 25
- Legal Forms for Everyone by Various in Back Matter
See all 11 books this book cites
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