📖[PDF] Plan Your Estate by Denis Clifford | Perlego
Get access to over 700,000 titles
Start your free trial today and explore our endless library.
Join perlego now to get access to over 700,000 books
Join perlego now to get access to over 700,000 books
Join perlego now to get access to over 700,000 books
Join perlego now to get access to over 700,000 books
Plan Your Estate
Plan Your Estate
📖 Book - PDF

Plan Your Estate

Denis Clifford
Share book
528 pages
ePUB (mobile friendly) and PDF
Available on iOS & Android
📖 Book - PDF

Plan Your Estate

Denis Clifford
Book details
Table of contents

About This Book

Turn to Plan Your Estate for straightforward, plain-English explanations of each of your estate-planning options, so you can make the best decisions for you and those you love.

Plan Your Estate covers these estate planning goals:

  • Leaving property. If you are not wealthy, you might use a simple will or living trust, or both. You can also use co-ownership, transfer-on-death accounts, or beneficiary designations. If you have a large estate, you might also leave property to beneficiaries in more complicated ongoing trusts. No matter how you leave your property, it is better to have a plan—if you die without one, state law will decide who gets what.
  • Providing for young children. If you have young children, you'll want to ensure that they will be well cared for if you die before they become adults. In your will, you can name guardians to raise them and managers to look after their inheritance. You'll also likely want to buy life insurance to make sure that your kids have money after you're gone.
  • Planning for incapacity. Part of estate planning is preparing for what will happen if you ever became unable to make medical and financial decisions for yourself. You can use a health care directive to name someone to make medical decisions on your behalf and to express your wishes about end-of-life care. You can also prepare a durable power of attorney that gives a trusted person control of your finances. Preparing these documents can save your family much heartache.
  • Avoiding probate. Probate is a court-run process for wrapping up an estate. It's often expensive and time-consuming, yet rarely provides any benefit to the beneficiaries. Thankfully, with a little planning, probate is fairly easy to avoid. Trusts, pay-on-death accounts, joint tenancy, and other probate avoidance methods can keep most or all of your estate out of probate, saving your loved ones time and money.
  • Reducing estate tax. Most people won't owe federal estate tax. But if you expect to leave over $11.4 million, you'll probably want to use your estate plan to reduce the tax that your estate could owe after your death.

(Note: This book contains no estate planning forms, but it does tell you how to get the forms you need.)

Read More


Estates & Trusts Law

Table of contents