Estate Planning for the Modern Family: A Georgian's Guide to Wills, Trusts, and Powers of Attorney


Book Description

Imagine the patriarch of the family is in his second marriage. He is retired from a business he currently owns and has several children. Imagine two of his children are grown, married, and from his first marriage. One of his children is a toddler and is from his second marriage. Also, imagine he is the stepfather to a child born to his second wife. Now, imagine his daughter runs the business he created and owns. She is married to a man who is a real estate agent and they have three children together. His son is in a same-sex marriage and he and his partner have adopted a daughter. Imagine from one man you have a second marriage, retiree, raising a toddler, stepson, married daughter, same-sex marriage, adoption, and grandchildren. Sounds like the makings of a good sitcom, doesn




Estate Planning for the Modern Family


Book Description

A follow-up to John's popular estate planning book for Georgia residents, this book provides a step-by-step guide to estate planning no matter where you live with a special emphasis on the modern family. Imagine the patriarch of the family is in his second marriage. He is retired from a business he currently owns and has several children. Imagine two of his children are grown, married, and from his first marriage. One of his children is a toddler and is from his second marriage. Also, imagine he is the stepfather to a child born to his second wife. Now, imagine his daughter runs the business he created and owns. She is married to a man who is a real estate agent and they have three children together.His son is in a same-sex marriage and he and his partner have adopted a daughter. Imagine from one man you have a second marriage, retiree, raising a toddler, stepson, married daughter, same-sex marriage, adoption, and grandchildren. Sounds like the makings of a good sitcom, doesn't it?Today's families are much more complex than in times past. While your family may not include each of the above circumstance, there's a fair chance your family contains one or more of them. For this reason, estate planning cannot be cookie-cutter and each estate plan needs to be individualized for your particular family, the modern family.




Planning Your Will, Trust, Lpa & More: Estate Planning for the Modern Family


Book Description

With society's rising affluence, children and families stand to inherit properties and many thousands and millions of dollars when parents and relatives pass away. The importance of setting out clear instructions about the distribution of your assets or wealth while you are still alive cannot be overstated. This process of estate planning involves making a will and perhaps setting up a trust, depending on your personal circumstances. The rise of the modern family and what such a family is likely to own, add to the diversity of planning required. In addition to the traditional two-parent family, we have families with single parents, partners of different races, nationalities and faiths, and same-sex partners. The modern family is likely to own foreign assets, a business, pets and digital assets, and likely to consider charitable giving in their estate planning. In this book, well-known estate planner Keon Chee takes you through the various aspects of estate planning, including the writing of a will, the setting up of a trust, planning your Lasting Power of Attorney (LPA) and setting out other important final wishes. The author has invited several highly experienced practitioners to share their specialist knowledge throughout the book enhancing the breadth of coverage.




Living Trusts for Everyone


Book Description

The misconceptions surrounding the last will and testament need to be put to rest: Wills benefit lawyers. Trusts benefit you. Period. Too often lawyers sell wills to clients only to sit back and wait to sell their probate services to their client’ s heirs. Modern estate planning should utilize the Living Trust as the effective, efficient, and inexpensive alternative to a will. Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle explains why wills are not the best way to handle an estate and details the many advantages trusts have over wills in not only eliminating probate, but protecting your assets for your heirs. Anyone with minor children, disabled beneficiaries, blended families, or spendthrift heirs must have a trust to be sure the assets left behind are put to good use, and that your intentions are carried out. Lawyers may have vested interests in perpetuating the probate system, but this book will explain why legal services are not needed to do the clerical work in settling a trust after death. No legal jargon or confusing double-speak, just specific step-by-step instructions and sample form letters to settle a trust are included to take the mystery out of the process. This is not a do-it-yourself book and it doesn’t try to cram every type of trust onto its pages. Living Trusts for Everyoneexplains in specific terms what benefit a trust will have for you and gives you the tools to settle a loved one’s trust with no lawyers and no expense. For those who already have a trust, there is a list of what to look for to see if your trust is any good, or if it needs to be updated. Trust seminars are examined with warnings on what to look out for in setting up your trust. Everyone who cares about what happens to their assets at death should read Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle! Allworth Press, an imprint of Skyhorse Publishing, publishes a broad range of books on the visual and performing arts, with emphasis on the business of art. Our titles cover subjects such as graphic design, theater, branding, fine art, photography, interior design, writing, acting, film, how to start careers, business and legal forms, business practices, and more. While we don't aspire to publish a New York Times bestseller or a national bestseller, we are deeply committed to quality books that help creative professionals succeed and thrive. We often publish in areas overlooked by other publishers and welcome the author whose expertise can help our audience of readers.




Estate Planning for Blended Families


Book Description

Targeting parents in second marriages who want to provide for their current spouse and their children from both marriages, the author provides sample estate plans and covers such topics as estate and gift taxes in a second marriage, choosing executors and trustees, the latest federal and state laws, and much more. 15,000 first printing. Original.




Estate Planning


Book Description




Protect and Enhance Your Estate: Definitive Strategies for Estate and Wealth Planning 3/E


Book Description

“Our #1 choice in estate planning books.” –Ken & Daria Dolan The bestselling guide to securing a sound financial future for you and your loved ones—updated for uncertain times In our time of political, social, and economic upheaval, taking steps to protect your estate isn’t enough to provide peace of mind for you or financial security for your loved ones. Given these new levels of uncertainty, you need to reduce risk by using life insurance and other financial products to fund estate planning. This new, fully updated edition of the estate planning classic helps you take your estate planning to the next level. In addition to all the basics on wills, jointly held property, taxation, and philanthropy, Protect and Enhance Your Estate covers the latest developments regarding: Disability planning Living trusts Asset protection Family limited partnerships Proper use of life and long-term care insurance




Estate Planning and Administration


Book Description

The complexities of planning and administering an estate are clearly explained in this up-to-date and authoritative guide. This new edition covers the best techniques for transferring property through Irrevocable Life Insurance Trusts, gifting programs, paying grandchildren's medical and tuition expenses, and more. From wills, trusts, powers of attorney, and health care directives to probate and administering an estate, it's all here in easy-to-read, plain English. A five-step planning process details how to create and implement a sound estate plan.




Estate Planning For Dummies


Book Description

Get your arms around wills, trusts, probate, inheritance taxes, and other important estate planning essentials Estate Planning For Dummies teaches you the ins and outs of estate planning. It’s all about drafting wills, dealing with probate, assigning powers of attorney, establishing living trusts, and beyond. Think you don’t have enough assets to merit estate planning? Think again. This everyone-friendly guide walks you through building a solid estate plan, whatever your current financial situation. In easy-to-understand language, you’ll learn the ins and outs of estate planning, including what happens to your stuff—cash, real estate, businesses, retirement funds, everything—when you pass away. This new edition is updated for the many recent changes in estate taxes and inheritance law. Make sure your assets get into the pockets of your heirs or wherever you want them to go, and learn how to accomplish it the For Dummies way. Understand state and federal estate and inheritance taxes Build an air-tight will and make sure your heirs get as much as they can Protect your estate’s privacy even after you’re gone Plan for the transition of a family business Prevent disagreements and uncertainty among your heirs Figure out how to pass on your digital assets This friendly guide is a must for people of any age in the process of drafting their wills and planning where their assets ultimately end up.




Estate Planning and the Modern Family


Book Description

Where will it all go after you die? Deciding how you want your possessions to be distributed after you pass away is one of the most important decisions you will make in your lifetime. What happens to your property? Your investments? Who will take care of the pet that's become part of the family? Proper estate planning can give you peace of mind and prevent years of bitter, divisive family battles after you pass away. Going "new school" by storing your documents on a mobile device, computer or in the Cloud can also help make matters easier once you pass away. In "Estate Planning and the Modern Family: Old School Meets New School," Attorney Peter Moustakis tells you what you need to know before you meet with an estate planning attorney to draw up a plan that is right for you.