Estate planning basics

Title:

Author:

Clifford, Denis, author.

ISBN:

9781413321760

Personal Author:

Clifford, Denis, author.

Edition:

Eighth edition.

Publication Information:

Berkeley, California : Nolo, 2015.

Physical Description:

220 pages ; 23 cm

General Note:

Includes index.

Contents:

A first look at estate planning -- Your beneficiaries -- Children -- Planning for incapacity: medical care and finances -- Wills -- Living trusts -- Other ways to avoid probate -- Retirement plans as estate planning devices -- Estate tax -- Reducing federal estate taxes -- Property control trusts -- Lawyers -- Finalizing your estate plan.

Abstract:

Covers the basics of estate planning, including wills, trusts, and health care directives. It prepares readers to start planning their estate, with or without an attorney. The 7th edition is updated with the latest laws and tax information.

Subject Term:

Estate planning -- United States -- Popular works.

Document ID:

SD_ILS:2203395

Holds: Copies:

Available:*

Library	Collection	Collection	Call Number	Copy	Status
Searching... Beale Memorial Library (Kern Co.)	Searching... Unknown	Adult Non-Fiction	346.73052 CLI		Searching... Unknown
Searching... Bear Mountain Branch (Fresno Co.)	Searching... Unknown	Non-fiction Area	346.73052 CLI	Community Recovery Collection	Searching... Unknown
Searching... California City Branch (Kern Co.)	Searching... Unknown	Adult Non-Fiction	346.73052 CLI		Searching... Unknown
Searching... Tehachapi Branch Library (Kern Co.)	Searching... Unknown	Adult Non-Fiction	346.73052 CLI		Searching... Unknown
Searching... Tulare Public Library	Searching... Unknown	Adult Non-fiction	346.73 Cli 2015		Searching... Unknown

Bound With These Titles

On Order

Summary

This book provides concise, straightforward, and easy to read information about the major components of estate planning - without going into endless detail about arcane options that apply only to the wealthy. Topics include:

choosing beneficiaries
estate planning by parents with minor children
wills
living trusts
avoiding probate
trusts for people in second marriage
planning for incapacity

Best-selling Nolo author Denis Clifford uses plain-English to make these estate planning issues easy to understand, and he lets you know which tasks you can handle yourself, and when you'll need a lawyer's help.

Author Notes

With this book you get access to a unique web page on noio.com where you can stay current with legal updates to this book. And in nolo.com's Wills, Trusts Probate center, you'll find even more help from the experts at Nolo: Hundreds of valuable articles and FAQs, Useful legal forms, In-depth profiles of estate lawyers in your area
Denis Clifford is a practicing estate planning attorney and the author of several bestselling books on estate planning, including Make Your Own Living Trust and Plan Your Estate (Nolo).

Your Estate Planning Legal Companion	p. 1
1 A First Look at Estate Planning	p. 3
Evaluating Your Personal Situation	p. 7
Your Property	p. 8
Choosing Your Beneficiaries	p. 11
Providing for Young Children	p. 13
Planning for Incapacity	p. 14
Transferring Your Property After You Die	p. 15
Estate Taxes	p. 17
Making Changes	p. 17
More Estate Planning Resources From Nolo	p. 18
2 Your Beneficiaries	p. 23
Direct Beneficiaries	p. 24
Alternate Beneficiaries	p. 27
Beneficiary Complexities	p. 29
Disinheritance	p. 39
Talking It Over	p. 41
3 Children	p. 45
Naming Someone to Care for Young Children	p. 47
Naming Someone to Manage Your Child's Property	p. 50
Choosing How Your Children's Property Should Be Managed	p. 52
Naming Children as Beneficiaries of Life Insurance	p. 58
Tax-Saving Educational investment Plans	p. 59
Leaving Property to Adult Children	p. 60
Leaving Property to Other People's Children	p. 61
4 Planning for Incapacity: Medical Care and Finances	p. 63
Medical Decisions	p. 64
Financial Decisions	p. 76
5 Wills	p. 81
Will Requirements	p. 82
Types of Wills	p. 86
Probate	p. 90
Using a Will in Your Estate Planning	p. 92
Preparing Your Will	p. 96
Challenges to Your Will	p. 97
6 Living Trusts	p. 99
How a Living Trust Works	p. 101
Do You Need a Living Trust?	p. 104
Living Trusts and Taxes	p. 106
Living Trusts and Young Children	p. 107
Shared Living Trusts for Couples	p. 107
Making Key Decisions About Your Living Trust	p. 108
Preparing Your Living Trust Documents	p. 116
7 Other Ways to Avoid Probate	p. 121
Pay-on-Death Bank Accounts	p. 122
Transfer-on-Death Accounts for Securities	p. 123
Transfer-on-Death Car Registration	p. 124
Transfer-on-Death Deeds for Real Estate	p. 124
Joint Tenancy	p. 125
Tenancy by the Entirety	p. 129
Community Property With Right of Survivorship	p. 131
Community Property Agreements	p. 131
Simplified Probate Proceedings	p. 132
Life Insurance	p. 132
Gifts	p. 133
8 Retirement Plans as Estate Planning Devices	p. 135
Individual Retirement Programs	p. 137
Pensions	p. 139
Choosing Beneficiaries for Individual Retirement Programs	p. 140
Retirement Plans and Taxes	p. 141
9 Estate Tax	p. 143
Federal Estate Tax Exemptions	p. 145
State Estate and Inheritance Tax	p. 148
Gift Tax	p. 149
The Federal Income-Tax Basis of Inherited Property	p. 152
10 Reducing Federal Estate Taxes	p. 157
Making Gifts During Life	p. 158
Disclaimer Trusts	p. 161
Tax-Saving Irrevocable Trusts	p. 163
Disclaiming Gifts	p. 168
11 Property Control Trusts	p. 171
Marital Property Control Trusts for Second or Subsequent Marriages	p. 172
Special Needs Trusts for People With Disabilities	p. 177
Education Trusts	p. 178
Spendthrift Trusts	p. 180
Flexible Trusts	p. 181
12 Lawyers	p. 183
Will You Need a Lawyer?	p. 184
Using Lawyers	p. 186
Doing Your Own Research	p. 190
13 Finalizing Your Estate Plan	p. 191
Storing Your Estate Planning Documents	p. 192
Revising Your Estate Plan -193
Appendix
Some Sample Estate Plans	p. 197
Leslie and Martin: A Couple in Their Late 50s	p. 198
Michelle: A Single Mother in Her 40s	p. 200
Randy and Lisa: A Prosperous Older Couple	p. 201
Gail and Nick: A Young Married Couple	p. 202
Richard: A Single Man	p. 203
Clemencia and Pierre: A Couple in Their Second Marriage	p. 204
Index	p. 207

Available:*

Bound With These Titles

On Order

Summary

Summary

Author Notes

Table of Contents