J.K. Lasser's^TM New Rules for Estate and Tax Planning, Revised and Updated

by Harold Apolinsky; Stewart H. Welch (Birmingham, Alabama)

• ISBN13: 9780471700074
• ISBN10: 047170007X
• Edition: Revised
• Format: Paperback
• Copyright: 2005-02-01
• Publisher: Wiley

Summary

A complete guide to planning an estate under today's tax rulesWhen it comes to your estate-no matter how big or small it may be-you shouldn't leave anything to chance. Proper planning is necessary to protect both your assets and your heirs. Estate Planning Law Specialist Harold Apolinsky and expert financial planner Stewart Welch III know this better than anyone else, and in the Revised and Updated Edition of J.K. Lasser's New Rules for Estate and Tax Planning, they offer valuable advice and solid strategies to help you plan your estate under today's tax rules as well as preserve your wealth. Packed with up-to-the-minute facts, this practical resource covers important issues, such as: How new legislation will impact inheritances and trusts Estate and generation-skipping tax planning The role of wills, executors, and trusts Treatment of charitable contributions The do's and don'ts of gifting Life insurance and retirement planning Filled with in-depth insights and expert advice, this book will show you how to efficiently arrange your estate today so that you can leave more to those you care about tomorrow.

Author Biography

HAROLD APOLINSKY, Esq., EPLS, is a board-certified estate planning attorney with the law firm Sirote & Permutt, PC, in Birmingham, Alabama. He served for over twenty-five years as an adjunct professor of estate planning at both the Cumberland School of Law and The University of Alabama School of Law.

STEWART H. WELCH III, AEP, CFP®, is a nationally recognized financial advisor who is widely quoted in the press. He has been listed as one of the top financial advisors in the country by several magazines, including Worth, and Medical Economics. Welch's company, The Welch Group, LLC, is a fee-only, wealth management advisory firm in Birmingham, Alabama.

Table of Contents

Acknowledgments.

Introduction.

1. Tax Relief Act-2001-An Overview.

2. Estate Planning: You Need It–Here's Why.

3. The Estate Tax System : How Much Are You Really Worth?

4. Investment Strategies for Maximizing Estate Growth.

5. Retire with Dignity: How Much Is Enough?

6. You Don't Have a Will? Big Trouble!

7. Where There's a Will, There's Your Way!

8. Using Trusts in Your Estate Plan.

9. Understanding the Living Trust.

10. Using Insurance in Your Estate Plan.

11. Smart Strategies for Gifting Assets to Family Members.

12. Strategic Planning with Charities.

13. Family Limited Partnerships.

14. Succession Planning for the Family Business or Farm.

15. Asset Protection Strategies.

Epilogue: Dealing with Parents and Their Money.

Appendix A: State-by-State Listing of Tpo Professional Advisors.

Appendix B: Estate Planning Terms.

Index.