The Complete Book of Wills, Estates & Trusts (4th Edition): Advice That Can Save You Thousands of Dollars in Legal Fees and Taxes *eBook
The classic legal guide with more than 100,000 copies in print―now substantially updated and revised! Whether grappling with modest or extensive assets, The Complete Book of Wills, Estates & Trusts has long been the indispensable guide for protecting an estate for loved ones. In this completely revised fourth edition, updated to cover the latest changes in estate law, attorneys Alexander A. Bove, Jr., and Melissa Langa synthesize their decades of field and classroom experience into honest, clear, and entertaining explanations of a host of complex legal topics, including: • How to create a will and living trust • How to use a trust to avoid probate and legal complications • How trusts work and how to use trusts to save taxes • How to contest a will and how to avoid a contest • How to settle an estate or make a claim against one • How to establish a durable power of attorney • How to protect assets from creditors In their straightforward and humorous style, Bove and Langa share easy-to-understand legal definitions and savvy advice on everything from taxes to choosing the right attorney, all illustrated with entertaining examples and actual cases. This is the best and only legal guide readers will ever need to ensure that their money and holdings remain in the family. Read more
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Why Must Read The Complete Book of Wills, Estates & Trusts (4th Edition): Advice That Can Save You Thousands of Dollars in Legal Fees and Taxes?
I'm pretty disappointed in this volume, which despite its claim to be a "complete book," does not even mention by name the option of using POD or TOD accounts as an avenue for avoiding the probate process. (There is mention on p. 189 of life insurance and other contracts that can be used to bypass the cumbersome probate process, but there is no mention of straightforward TOD or POD provisions readily available for different kinds of accounts, including brokerage and bank accounts.). I was looking for an evenhanded discussion of the merits of TOD arrangements vs. a living trust, and I guess I will have to look elsewhere. I was also disappointed not to find a review of changes triggered by the 2019 SECURE act, apart from the brief mention on p. 229. I suppose the book has merit if you're just beginning to tackle the question of how to provide for heirs, but for my purpose it wasn't worth the money and it certainly falls short as a 2021 update.
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