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An accessible guide to estate planning shows readers how to navigate the tax system to protect savings and assets from the encroachment of the federal and state government. Original.
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 orderMinimize estate taxesWrite a proper willDeal with probateSet up trustsMake sure your insurance policies are structured properlyPlan 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 worthMastering the basics of wills and probateUsing will substitutes and dodging probate taxesSetting up protective trusts, charitable trusts, living trusts and moreMaking sense of state and federal inheritance taxesAvoiding the generation skipping transfer taxMinimizing all your estate-related taxesEstate planning for family businessesCreating 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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