If I don’t have an estate plan, what will happen when I die? Can I plan my own estate, or should I work with an estate attorney? How can I make sure that my estate isn’t whittled away by state and federal taxes?\ In Kiplinger’s Estate Planning, financial expert and attorney John Ventura offers straightforward guidance on all of the tools of estate planning, from wills, trusts, and custodial accounts to insurance, employee befits, and durable power of attorney for finance and health care.\...
If I don’t have an estate plan, what will happen when I die? Can I plan my own estate, or should I work with an estate attorney? How can I make sure that my estate isn’t whittled away by state and federal taxes? In Kiplinger’s Estate Planning, financial expert and attorney John Ventura offers straightforward guidance on all of the tools of estate planning, from wills, trusts, and custodial accounts to insurance, employee befits, and durable power of attorney for finance and health care. In this easy-to-read guide, learn: What you can and can’t do with a will How a living trust works Your options for transferring assets to your spouse or partner How to give your assets away while you are alive How to use a durable power of attorney for health care—and what will happen if you become incapacitated without one Controlling your death with a living will How to leave a personal legacy How to complete the process on your own or work with an estate attorney
Introduction: What You Should Expect to Get Out of This Book ixThe Hows and Whys of Estate Planning 1Estate Planning Basics 3Getting Ready to Prepare Your Estate Plan 13How an Estate Planning Attorney Can Help You 47Estate Planning Tools 63Will Power 65Your Will, Your Executor, and the Probate Process 95The Lowdown on Living Trusts 107Estate Planning Beyond Your Will 131Planning for Your Family 149Estate Planning for Spouses and Unmarried Couples 151Estate Planning for Your Children 173When You Can No Longer Make Decisions 199Planning for Your Finances and Health Care in Case You Become Incapacitated 201Afterword 223Acknowledgments 225Glossary 227Index 237About the Author 243