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Product details
File Size: 2116 KB
Print Length: 416 pages
Publisher: Random House Reference; 4 edition (March 26, 2013)
Publication Date: March 26, 2013
Sold by: Random House LLC
Language: English
ASIN: B00B3GMGXO
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Amazon Best Sellers Rank:
#328,544 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Excellent reference for all ages and lifestyles. Well-organized and easy to understand with lots of practical, real-life examples. This book was recommended to me by my estate lawyer and it didn't disappoint - it helped me form a list of questions that I needed to ask him. Even if you're not ready to write your will and/or you think you don't need estate documents, this book will help you organize your assets and your estate issues, and get you thinking about what you should and should not do about it - and when. It also contains many websites that you can access for more information about a specific topic and find resources.
This book was great as an introduction to estate planning. It brings up a lot of topics that people should think about before they have to when someone dies or gets very sick. There are really good case studies about what worked and didn't work for other people. I would recommend anyone thinking about starting to think about estate planning and anyone who has come to a point in their life that they should be thinking about estate planning to read this book. You will not be able to write your own will or living trust after reading this book, but you will have a good idea about what you need to think about and what documents you need to bring when you meet with a lawyer to make the whole process less painful, time consuming, and expensive.
Over 300 pages plus appendix of straightforward information about how to draft a will, trust etc. It also has information about generation skipping trusts, business valuations etc. Each chapter starts with a scenario about someone who did it wrong and then the chapter has information about how to do it right. Each chapater also has a 'need to know" section and additional citations where you can do more research about the topic in that chapter. The appendices have sample wills, and forms the reader can (should) complete before going to the attorney to draft their will. This information will cut down on research the attorney might need to do, which will in turn cut down on the billable hours they charge. Nice for the American Bar Association to help hold down the attorney's fees! This book is recent, published in 2012, however it isn't completely timely since Congress only passed the new estate tax exemption in 2013. However, the authors anticipate this and came very close with their predicted $5million exemption. Whether you have a small estate or large, it is to your benefit to learn as much about the law as possible. Skip chapters that don't pertain to you if you wish, but do read about the law and the repurcussions if you don't plan wisely. The estate tax is the government's last chance to get as much of your money as it possibly can so it is up to you to be informed enough to thwart this final confiscation.
Part of my business is doing financial planning for"ordinary people." This book allows me to save a lotof time. Instead of having to explain things they need to know,I simply let them read the book.
Take out all the disclaimers/admonitions to "consult with an attorney" and the book would be half the current length. (Yes, that is hyperbole...but you get the point). It is an okay overview of estate planning. It seems to have been written by many authors/attorneys. So, sometimes the information in one section seems to conflict with the information in another section.
This guide is filled with good ideas, considerations and info that you probably wouldn't think about on your own. Yes, they recommend seeing a lawyer [hello, it's the ABA Guide] but it's a valuable guide on its own.
Very good read.
This book is informative and easy to read ,if you are looking for basics on see planning concepts and purposes. This is a good book for the layman considering an estate plan prior to going to the attorney's office.
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