Protect Your Legacy : A Handbook for Estate Planning

by Alvig, Mark R.

• ISBN13: 9781592983391
• ISBN10: 1592983391
• Format: Paperback
• Copyright: 2010-06-02
• Publisher: Beavers Pond Pr

Summary

Most people tend to react to the term "estate planning" in one of two ways: they become uncomfortable or they show no interest. Either response is a huge mistake that can be detrimental to you and your family. This book will give you the tools to preserve everything you've worked to acquire and build. In just a dozen short chapters, Mark R. Alvig and David P. Buss, two financial planners specializing in estate planning, explain the essentials of estate planning in easy-to-understand terms, making good sense of difficult legal and financial policies. Alvig and Buss present what you need to know about estate taxes, wills, trusts, Medicare, Medicaid, long-term business planning for business owners, the details relating to the Taxpayer Relief Act of 1997, and other basics of estate planning.

Author Biography

Mark R. Alvig is a CFP«, is a leader in estate planning and financial planning, and holds more than twenty-five years of experience in helping families plan for the fu¼ture. Since graduating from the University of MinnesotaùMankato with concentra¼tions in business, finance and insurance, Mark has held financial planning and man¼agement positions with several national and regional firms. Mark is also a co-author of What You Need To Know To Keep Your Farm In The Family.David P. Buss is a leader in estate planning and financial planning, and has been active in estate planning for hundreds of clients over many years. His extensive experience comes from a former management role for a national financial planning firm where he supervised over seventy advisors and worked with individual estates. David leads seminars and lectures on estate planning across the country. He graduated from Ridgewater College where he was a third team All-American pitcher.

Table of Contents

Introduction	p. v
Estate Planning: What It Is and Why It Matters to You	p. 1
Your Estate Taxes and the Taxpayer Relief Act of 1997	p. 2
Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)	p. 3
Wills and Other Ways	p. 4
Planning For Liquidity	p. 5
How to Use Trusts in Estate Planning	p. 6
Planning: "Just In Case..."	p. 7
Getting More Out of Giving-Charities and Your Estate	p. 8
The Family-Owned Business	p. 9
Issues Farm Families Face	p. 10
Medical Assistance-What You Need to Know	p. 11
Glossary of Estate Planning Terms	p. 12
Allocation of Ownership Estate Tax Laws by State	p. 13
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