Wednesday, December 23, 2009
Why Wills Won't Work
Where will your money go?
Without reading this book, where will all your money go? Maybe not where you think. Traditional estate planning isn't as secure as you might think.
Wills, Revocable Living Trusts, Joint and Beneficiary Ownership don't work in today's world. Welcome to 21st century estate planning— SAFE Planning.
For most people who draw up a will, ensuring that their estate is secure for their spouse, children and grandchildren, or other family members is a top priority. However, while 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 details 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 or settlement;
•the necessary steps to take now to avoid 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;
•what documents you really need; and
•how to choose a lawyer.
Source:
WhyWillsWontWork.com
This appears to be a valuable book to read and I'll try to get it at my local library.
ReplyDeleteI appreciate NASGA posting reference books on the Blog. Thanks.
ReplyDeleteI am ordering this book as my Christmas present to myself for peace of find when I enter the hereafter hopefully later than sooner. In my opinion, it does matter after I am gone because the only way to have the last word and final word is where my assets will go and where they will not go the only way to get some people's attention, well worth the time and effort to get these issues in order.
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