Estate Planning Basics

Estate planning, in plain English nThis book provides concise, straightforward, and easy to read information about the major components of estate planning - without going into endless detail about arcane options that apply only to the wealthy. Topics include: n nn n- Wills. Why you need one, how to make one, and when having just a will is enough. n- Living Trusts. When they're useful, how they work, and whether you need a lawyer to make one. n- Young Beneficiaries. How to protect gifts you leave to young people, by naming a responsible adult to manage the property until they come of age. n- Avoiding Probate. What is probate, why you might want to avoid it, and how to do it. n- Planning for Incapacity. Why you should make powers of attorney and health care directives to plan for a time when you cannot make decisions about your finances or your medical care. nThis new edition updates estate tax information and briefly covers estate planning for cryptocurrency and other digital assets. nn n nEstate planning, in plain Englishn nGet the need-to-know basics about wills, trusts, avoiding probate, and planning for incapacity with Estate Planning Basics. This book lays out your options in plain English, guiding you to the right estate plan for you and your family.n nLearn how to: n n- make a will or living trustn n- name a guardian for your childrenn n- avoid probaten n- choose an executorn n- use durable powers of attorney, andn n- prepare a health care directive.n nThe 12th edition is completely updated to reflect the latest information about estate planning.n n nn n nn