How can you provide a financially sound future for your loved ones while avoiding estate planning or even making a will, unsure about how to effectively plan for the disposition of your assets?Estate planning is essential-no matter how much money or property you intend to leave to your heirs. In this handy Q&A guide, you'll find answers to all your questions about taxes, gifts, wills, will substitutes, and much more, including:
- What is a community property state?
- What are the disadvantages of intestacy?
- What is the fair market value of an estate?
- What is the generation-skipping transfer tax?
With this book at your side, you can use the estate and tax laws and options to make sure you've made the best allotment of your property. And when you've done that, you can face the future with confidence, knowing your heirs and family are provided for.Lita Epstein, MBA, has written more than a dozen business books on topics ranging from retirement planning to Social Security and Medicare. She is the author of Streetwise Crash Course MBA and Streetwise Retirement Planning. She is a faculty member of the College of Graduate Business and Management at the University of Phoenix. Epstein lives in Poinciana, FL.
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