Plan Your Own Estate [electronic resource] : Passing on Your Assets and Your Values Legally and Efficiently  /
Wheatley-Liss, Deirdre R.author.
Plan Your Own Estate: Passing on Your Assets and Your Values Legally and Efficiently takes a straightforward and engaging “you”-oriented approach to dealing with one of life’s certainties--death. While you "can’t take it with you," this book empowers you to decide how your assets can best help your family when you are gone. Experienced attorney Deirdre R. Wheatley-Liss concentrates into this book the experience she's had helping hundreds of families work through their estate plans. Whether you have modest or extensive assets, Plan Your Own Estate provides the knowledge you need to design your plan and the tools you need to move forward. The starting place is your goals. Part 1 of the book asks, "What do you want to accomplish for yourself and your family?" The next step depends on you. Are you looking to educate yourself about how a will or trust is structured, or how tax law works? Part 2, Resource Guides, breaks down tough topics like these and delivers actionable information. Have questions about what your estate plan should say? Part 3, Planning Guides, goes through an attorney’s analysis in considering the most frequently asked estate planning questions. Thinking about creating your own estate plan, or hiring an attorney? Part 4, Action Guides, helps you start your estate plan and make sure it’s complete, or review any plan you may already have in place.  Nobody likes talking about death, taxes, or disability--but not thinking about them will not make them go away. Plan Your Own Estate will help you make a plan, put it in place, and take control of how your money and your values are being passed to your family. This book includes: Comprehensive “plain English” coverage of every aspect of planning your estate Methods to protect your loved ones' inheritance from taxes, immaturity, lack of financial knowledge, incapacity, creditors, and predators Planning guides for families with children, singles, second marriages, business owners, unmarried or same-sex couples, and more Up-to-date information regarding changing laws and best practices.
""Contents""; ""About the Author""; ""Acknowledgments""; ""Introduction""; ""Letâ€?s Face Some Facts""; ""You Already have an Estate Planâ€? But You May Not Like Its terms""; ""How the Book Works""; ""Parts of the Book""; ""Inside Each Chapter""; ""Caveats and Disclaimers""; ""Location, Location, Location""; ""The Shifting Sands of Tax Law""; ""Estate Plans Get Stale""; ""Do-It-Yourself (DIY)""; ""What Are Your Goals?""; ""Who Is Your Family?""; ""What Are Your Responsibilities?""; ""You Canâ€?t Forget About Your Spouse""; ""Creditors Come First""; ""Uncle Sam""; ""What Is Equal and Fair?""
""Who Comes First""""Giving to Groups""; ""Specific Gifts""; ""Asset Protectionâ€?How Are Assets Given?""; ""Creditors and Predators""; ""Minors""; ""Special Needs""; ""What about the Short Term?""; ""What Are Your Values?""; ""Establishing a Legacy""; ""Disincentive""; ""Wishes""; ""What Are Your Assets?""; ""Whatâ€?s It All Worth?""; ""How Much Is Yours?""; ""Personal Property""; ""Real Estate""; ""In-State""; ""Out-Of-State""; ""Cash Assets""; ""Investment Assets""; ""Retirement Accounts""; ""Life Insurance""; ""Business Interests""; ""Trusts""; ""Loans Payable to You""; ""Vehicles""
""Intangible Assets""""Digital Assets""; ""Debt: Liabilities and What You Owe""; ""Mortgages and Lines of Credit""; ""Student Loans""; ""Revolving Debt""; ""Private and Other Debt""; ""Bottom Line: Whatâ€?s It All Worth?""; ""What Goes into a Will?""; ""What Does Your Will Control?""; ""Follow the Flow""; ""First Things First: This Is Your â€œLastâ€? Will""; ""Moving On: Creditors Before Beneficiaries""; ""Personal Property: Your Stuff Goes Next""; ""Specific Bequests: Person X Gets Thing Y""; ""Residuary: Where the Rest of It Goes""; ""Itâ€?s All for Your One and Only""
""Everything to a Group""""Contingent Beneficiaries: Your Plan B""; ""How Do Your Beneficiaries Benefit?""; ""Fiduciaries: The People in Charge""; ""Boilerplate: This Is Important Stuff, Folks!""; ""Definitions""; ""Alternate or Ultimate Distribution Clause""; ""Powers of the Fiduciary""; ""Spendthrift Clause""; ""Survivorship Clause""; ""State Law""; ""Blue-Line Provision""; ""Identity of Children""; ""Rule Against Perpetuities""; ""Waiver of Dower, Curtsey, and Rights of Election""; ""Tax Clause""; ""Waiver of Accounting""; ""Small Trust Provision""; ""Will Execution""
""Will Alternatives and Avoiding Probate""""The Probate Process: Transferring Title from You to Them""; ""Probate Avoidance Isnâ€?t a Magic Pillâ€? Taxes and Expenses Must Still Be Paid""; ""Joint Ownership""; ""Joint Tenants with Right of Survivorship (JTWROS): Or, the Survivor Gets It All""; ""Convenience Account or Specific Bequest?""; ""Married Couplesâ€?Did You Mean to Gut Your Estate Tax Planning?""; ""Unmarried Couples: JTWROS Could Be the Plan for You""; ""Tenants by the Entireties""; ""Tenants in Common: Whatâ€?s Mine Is Mine""; ""Community Property""
""Pay-on-Death Accounts: An Alternative to Joint Ownership""
"You can't take it with you, but make sure the right people get most of your stuff"--Cover.
Includes index.
Plan Your Own Estate: Passing on Your Assets and Your Values Legally and Efficiently takes a straightforward and engaging “you”-oriented approach to dealing with one of life’s certainties--death. While you "can’t take it with you," this book empowers you to decide how your assets can best help your family when you are gone. Experienced attorney Deirdre R. Wheatley-Liss concentrates into this book the experience she's had helping hundreds of families work through their estate plans. Whether you have modest or extensive assets, Plan Your Own Estate provides the knowledge you need to design your plan and the tools you need to move forward. The starting place is your goals. Part 1 of the book asks, "What do you want to accomplish for yourself and your family?" The next step depends on you. Are you looking to educate yourself about how a will or trust is structured, or how tax law works? Part 2, Resource Guides, breaks down tough topics like these and delivers actionable information. Have questions about what your estate plan should say? Part 3, Planning Guides, goes through an attorney’s analysis in considering the most frequently asked estate planning questions. Thinking about creating your own estate plan, or hiring an attorney? Part 4, Action Guides, helps you start your estate plan and make sure it’s complete, or review any plan you may already have in place.  Nobody likes talking about death, taxes, or disability--but not thinking about them will not make them go away. Plan Your Own Estate will help you make a plan, put it in place, and take control of how your money and your values are being passed to your family. This book includes: Comprehensive “plain English” coverage of every aspect of planning your estate Methods to protect your loved ones' inheritance from taxes, immaturity, lack of financial knowledge, incapacity, creditors, and predators Planning guides for families with children, singles, second marriages, business owners, unmarried or same-sex couples, and more Up-to-date information regarding changing laws and best practices.
Business.
Management science.
Business and Management, general.