Your Wills, Trusts, and Estates Explained Simply: Important Information You Need to Know

Most people find thinking about the possibility of disability or death extremely unpleasant; however, planning for these occurrences in advance will reduce potential stress later in life. With the help of this new book, you can take the guesswork out of planning and finally understand the complex processes. The Complete Guide to Wills, Trusts, & Estates will provide you with all the information you need to choose, set up, and execute a will, trust, or estate. You will learn the terminology, including such words as beneficiary, probate, trustor, trustee, assets, guardianship, and executor. You will also learn about trust agreements, trust property, settlement costs, life insurance, durable power of attorney, marital deductions, gift splitting, survivorship deeds, gift tax issues, generation skipping transfer tax, tax deferred accounts, and advance directives. Furthermore, you will learn how to protect your financial privacy, how to plan for long-term care, how to reduce or eliminate taxes, and how to choose beneficiaries and executors. By reading this book, you will understand the differences among living trusts, 529 plans, limited term trusts, life insurance trusts, estate freeze trusts, qualified personal residence trusts (QPRT), privacy trusts, A/B trusts, qualified terminable interest property trusts (QTIP), child's trusts, and irrevocable trusts. You will know which will, be it holographic, nuncupative, self-proving, statutory, simple, joint, living, mutual, ethical, electronic, or video, fits your needs. In addition, you will be provided with estate planning strategies in easy to understand language that will make the task seem much less burdensome. Whether you are writing your will, establishing a trust, or planning your estate for the first time or you are updating or revising your previous plans, The Complete Guide to Wills, Trusts, & Estates will give you all the tools and knowledge you need to decide where your assets will go when you die and to whom.Ponsie, Sarah L. is the author of 'Your Wills, Trusts, and Estates Explained Simply: Important Information You Need to Know', published 2008 under ISBN 9781601382030 and ISBN 1601382030.