AARP® Crash Course in Estate Planning The Essential Guide to Wills, Trusts, and Your Personal Legacy

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Format: Paperback
Pub. Date: 2004-12-11
Publisher(s): Sterling
List Price: $16.16

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Summary

Here is the absolutely essential and totally comprehensive guide to wills, trusts, estate planning, and crafting a personal legacy. Scrutinized for accuracy by AARP's legal specialists, this indispensable volume covers every aspect of planning an estate and creating a will. A crash course in one handy volume, the book walks readers through the entire process, from understanding the distinction between probate and nonprobate property to delegating a durable power of attorney, and from resolving possible tax issues ahead of time to safeguarding your assets. In these pages you will find: comparisons of wills and simple living trusts; advice on guardianship and advance medical directives; explanations of the role and powers of a trusteeand what steps to take in the case of suspected misconduct; a primer on marshaling and protecting retirement assets; help in planning for children with disabilities; ideas for making sure your money stays in the family in case a spouse remarries; and much, much more.

Table of Contents

Foreword 1(4)
Ric Edelman
Introduction A Crash Course Designed to Give You a Soft Landing 5(10)
Part 1 Understanding Estate-Planning Basics
Different Kinds of Property and the Law
15(16)
Wills and Trusts: Choosing the Right Tools to Make Your Estate Plan Work
31(38)
Beyond Wills and Trusts: The Rest of the Estate Planner's Toolkit
69(22)
The Ins and Outs of the Probate Process
91(16)
Who's in Charge Here? Choosing Your Executor and Trustee
107(18)
Using a Trust Protector: Someone to Trust besides Your Trustee
125(12)
When Things Go Wrong
137(10)
Preparing for the Tax Man
147(16)
Part 2 Applying the Basics: Estate-Planning Tools for Common Life Situations
Providing for Young Children: Some Useful Trust Provisions
163(8)
Planning for Children or Grandchildren with Disabilities
171(6)
Mom and Dad's Basic Estate Tax Planning
177(8)
Subsequent Marriages: Providing for a Spouse Without Giving Away the Family Fortune
185(4)
Charitable Donations: Gifts That Repay the Kindness
189(10)
Part 3 Preserving Your Estate: Keeping Creditors, Spendthrifts, and the Tax Man at Bay
An Introduction to Asset Protection Planning
199(12)
Protecting Your Wealth with an Irrevocable Life Insurance Trust
211(8)
Protecting Beneficiaries from Themselves
219(6)
Minding Your Business: Protecting Investment Interests
225(12)
Part 4 Estate Planning with Retirement Assets
Distribution Solutions for Beneficiaries
237(6)
Using Trusts as Designated Beneficiaries
243(8)
Appendix: A List of Executor Duties and Tasks of Probate 251(7)
Acknowledgments 258(1)
Glossary 259(4)
Index 263

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