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The Inheritors Handbook: A Definitive Guide for Beneficiaries: Bloomberg Personal Bookshelf (Paperback)

Autor Dan Rottenberg
en Limba Engleză Paperback – 30 apr 2000
THE ONLY GUIDE YOU'LL NEED TO WISELY MANAGE YOUR INHERITANCE AND MAKE IT GROW FOR FUTURE GENERATIONS...
You're not alone. Sixty million Americans stand to be on the receiving end of an inheritance in the coming years. Planning is crucial if you hope to preserve your windfall, save on taxes, and avoid family squabbles. In "The Inheritor's Handbook, " expert Dan Rottenberg offers a comprehensive guide through the inheritance process that gets to the heart of the complex issues, both financial and emotional, that beneficiaries face. He demonstrates how future heirs can discuss money and wills, choose advisers, manage investments, and much more. Using real-life examples, Rottenberg provides tested solutions to sensitive inheritance issues -- before the time of death, at the time of death, and years later. "The Inheritor's Handbook" is the only book you'll need to help you manage the difficulties, decisions, and opportunities that come with inheriting.
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Specificații

ISBN-13: 9780684869087
ISBN-10: 068486908X
Pagini: 240
Dimensiuni: 139 x 215 x 15 mm
Greutate: 0.23 kg
Ediția:Fireside.
Editura: Touchstone Books
Seria Bloomberg Personal Bookshelf (Paperback)


Descriere

Straightforward and jargon-free, "The Inheritor's Handbook" offers tested advice for everyone who must negotiate an inheritance. Because inheriting can be one of the most sensitive family matters, heirs will turn to Rottenberg's reassuring, dependable guidance to help them deal with the difficulties, decisions, and opportunities that arise.

Notă biografică


Cuprins

Contents

ACKNOWLEDGMENTS

INTRODUCTION

How to use this book

PART 1
Preparing to Inherit

YOUR RELATIONSHIP WITH YOUR PARENTS

Estate planning questions: The quick list

OPENING THE CONVERSATION

Before You Talk to Your Parents, First Talk to Yourself

SIDEBAR: A checklist of emotional inheritance issues

Parents' primary concerns

After Talking to Yourself, Confer with Your Siblings

Before Approaching Your Parents, You May Want to Consult a Professional

Approaching Your Parents

ASSEMBLING YOUR PARENTS' VITAL DOCUMENTS

ESTATE PLANNING ISSUES


Managing Your Parents' Affairs before They Die

Minimizing Estate Taxes

SIDEBAR: Estate, inheritance, and gift taxes

Protecting against Incompetence or Disability

Durable general power of attorney

A living (or "revocable") trust

Preparing for Death

Have your parents written their wills?

Plan the funeral

Get to know your parents' advisers

What if your parent has remarried?

UNDERSTANDING IRREVOCABLE TRUSTS

Is a Trust Necessary?

Using Trusts to Reduce Taxes

SIDEBAR: How long can a trust last?

The Alternative to a Trust

If a Trust Is Necessary

How many trusts?

Choosing an estate attorney

Locating a trust's "home base"

Choosing a Trustee

Anticipating Disputes and Attaching Strings

What Does a Trust Cost?

Once the Trust Document Is Written, Then What?

PART 2
When Wealth Changes Hands

STEPS TO TAKE WHEN YOUR PARENT OR SPOUSE DIES

At the Time of Death

After the Funeral

In the Months after Death

SIDEBAR: The estate of Donald B.: A sample timetable

THE EXECUTOR

Duties of Executors

If You Are the Executor

LOCAL ESTATE AND INHERITANCE TAXES

YOUR INHERITANCE

If There Is No Will

What to expect

Your right to access the will

Contesting a will

After the Will Is Settled

Can money change you?

Dealing with grief issues

Quick Tips

Choosing Professional Advisers

Family advisers, or choose your own?

A Quick Guide to Professional Advisers

Lawyers

Accountants

Investment advisers

Stockbrokers

Financial planners

Insurance agents

Therapists

To Commingle Assets or Not?

Rewriting Your Own Will

PART 3
Handling New Wealth

MANAGING YOUR DIRECT INHERITANCE

Utilizing Your Professional Advisers

Investing

If You're a Surviving Spouse

Planning Your Own Estate

LIVING WITH AN IRREVOCABLE TRUST

Your Goals as a Trust Beneficiary

Your Rights to Information about the Management of Your Trust

Dealing with Trustees

Improving your trustee's performance

Checking investment performance

Challenging management fees

Is your trustee ripping you off?

Settling Disputes: Confrontational Tactics

Going semi-public

Going public

Going to the government

Suing a trustee

Removing your trustee

Choosing a Successor Trustee

Dealing with Your Fellow Beneficiaries

INHERITORS' LIFESTYLE ISSUES

The Importance of Work

The Rewards of Philanthropy

A Closing Thought

RESOURCES

SUPPORT GROUPS

Inheritors' Support Groups

Related Support Groups

INHERITANCE AND WEALTH ADVISERS

Personal and Technical Money Issues

Family Business Consultants

Philanthropic Consultants

Psychological Issues

ORGANIZATIONS

FAMILY THERAPY

PUBLICATIONS

BOOKS


General Resource Guides

Trusts and Estates

Psychology of Inheritance

Money Management and Personal Finance

Meaningful Work

Contributing Your Time

Socially Responsible Investing

Philanthropy

SELECTED ARTICLES

Magazines

Papers

Newspapers

GOVERNMENT AGENCIES

GLOSSARY

INDEX