A guide to maximizing resources and minimizing expenses for retired people offers readers strategies for getting around bureaucratic loopholes, discussing when to retire, how to avoid hidden taxes, and more. "Their book details the ‘hidden rules’ of calculating pension benefits, appealing Medicare rulings, and rearranging assets to increase benefits. Charts, examples, and money-saving tips accompany a clearly written text." – Library Journal
For most people drawing up a will, making sure their inheritance is secure for their spouse, children, grandchildren, or other family members is a top priority. And though they may think they're taking care of their loved ones' future with the traditional planning a will offers, the reality is that down the line their designated heirs may never see a dime. As attorney and estate-planning expert Armond Budish explains in Why Wills Won't Work, good estate planning in the twenty-first century requires more than the old "one size fits all" approach of filling out a few legal documents. In this book, he illustrates his customized SAFE method—the only solution that will Safeguard Assets for your Family Exclusively. Beginning with an assessment quiz that helps readers determine their particular needs, risks, and goals, along with the options available, Why Wills Won't Work addresses: - how to protect a child's inheritance in a divorce; - the steps to take now to avoid death taxes later; - how to safeguard an inheritance for grandchildren; - how to keep probate court, creditors, and potential lawsuits from depleting an inheritance; - how to plan in advance for a disabled child or one who can't manage money; and - what documents you really need, and how to choose a lawyer. Easy to follow and reader-friendly, with illuminating real-life stories throughout, Why Wills Won't Work is the essential guide for readers who want to be sure now that their family's future inheritance is airtight.
Easy to follow and reader friendly, this essential guide is ideal for those who want to be sure now that their family's future inheritance is airtight.
A customized resource to twenty-first-century estate planning cites the flaws in typical will processes while making key recommendations on such topics as protecting a child's inheritance in the event of a divorce and avoiding death taxes.
A guide to maximizing resources and minimizing expenses for retired people offers readers strategies for getting around bureaucratic loopholes, discussing when to retire, how to avoid hidden taxes, and more. "Their book details the ‘hidden rules’ of calculating pension benefits, appealing Medicare rulings, and rearranging assets to increase benefits. Charts, examples, and money-saving tips accompany a clearly written text." – Library Journal
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