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Straightforward and jargon-free, this book offers tested advice for everyone who must negotiate an inheritance. Because inheriting can be one of the most sensitive family matters, heirs will turn to Rottenbergs reassuring, dependable guidance to help them deal with the difficulties, decisions, and opportunities that arise.
Table des matières
Contents
ACKNOWLEDGMENTS
INTRODUCTION
How to use this book
PART 1
Preparing to Inherit
YOUR RELATIONSHIP WITH YOUR PARENTSEstate planning questions: The quick list
OPENING THE CONVERSATIONBefore You Talk to Your Parents, First Talk to Yourself
SIDEBAR: A checklist of emotional inheritance issues
Parents' primary concerns
After Talking to Yourself, Confer with Your Siblings
Before Approaching Your Parents, You May Want to Consult a Professional
Approaching Your Parents
ASSEMBLING YOUR PARENTS' VITAL DOCUMENTS
ESTATE PLANNING ISSUESManaging Your Parents' Affairs before They Die
Minimizing Estate Taxes
SIDEBAR: Estate, inheritance, and gift taxes
Protecting against Incompetence or Disability
Durable general power of attorney
A living (or "revocable") trust
Preparing for Death
Have your parents written their wills?
Plan the funeral
Get to know your parents' advisers
What if your parent has remarried?
UNDERSTANDING IRREVOCABLE TRUSTSIs a Trust Necessary?
Using Trusts to Reduce Taxes
SIDEBAR: How long can a trust last?
The Alternative to a Trust
If a Trust Is Necessary
How many trusts?
Choosing an estate attorney
Locating a trust's "home base"
Choosing a Trustee
Anticipating Disputes and Attaching Strings
What Does a Trust Cost?
Once the Trust Document Is Written, Then What?
PART 2
When Wealth Changes Hands
STEPS TO TAKE WHEN YOUR PARENT OR SPOUSE DIESAt the Time of Death
After the Funeral
In the Months after Death
SIDEBAR: The estate of Donald B.: A sample timetable
THE EXECUTORDuties of Executors
If You Are the Executor
LOCAL ESTATE AND INHERITANCE TAXESYOUR INHERITANCEIf There Is No Will
What to expect
Your right to access the will
Contesting a will
After the Will Is Settled
Can money change you?
Dealing with grief issues
Quick Tips
Choosing Professional Advisers
Family advisers, or choose your own?
A Quick Guide to Professional Advisers
Lawyers
Accountants
Investment advisers
Stockbrokers
Financial planners
Insurance agents
Therapists
To Commingle Assets or Not?
Rewriting Your Own Will
PART 3
Handling New Wealth
MANAGING YOUR DIRECT INHERITANCEUtilizing Your Professional Advisers
Investing
If You're a Surviving Spouse
Planning Your Own Estate
LIVING WITH AN IRREVOCABLE TRUSTYour Goals as a Trust Beneficiary
Your Rights to Information about the Management of Your Trust
Dealing with Trustees
Improving your trustee's performance
Checking investment performance
Challenging management fees
Is your trustee ripping you off?
Settling Disputes: Confrontational Tactics
Going semi-public
Going public
Going to the government
Suing a trustee
Removing your trustee
Choosing a Successor Trustee
Dealing with Your Fellow Beneficiaries
INHERITORS' LIFESTYLE ISSUESThe Importance of Work
The Rewards of Philanthropy
A Closing Thought
RESOURCES
SUPPORT GROUPSInheritors' Support Groups
Related Support Groups
INHERITANCE AND WEALTH ADVISERSPersonal and Technical Money Issues
Family Business Consultants
Philanthropic Consultants
Psychological Issues
ORGANIZATIONS
FAMILY THERAPY
PUBLICATIONS
BOOKSGeneral Resource Guides
Trusts and Estates
Psychology of Inheritance
Money Management and Personal Finance
Meaningful Work
Contributing Your Time
Socially Responsible Investing
Philanthropy
SELECTED ARTICLESMagazines
Papers
Newspapers
GOVERNMENT AGENCIESGLOSSARY
INDEX
A propos de l'auteur
Dan Rottenberg is the author of seven books, including
Finding our Fathers and
Revolution on Wall Street. He has written articles for multiple magazines, including
Forbes and
The New York Times Magazine and was an editorial page columnist for
the Philadelphia Inquirer for twenty years. He lives in Philadelphia.
Résumé
THE ONLY GUIDE YOU'LL NEED TO WISELY MANAGE YOUR INHERITANCE AND MAKE IT GROW FOR FUTURE GENERATIONS...
You're not alone. Sixty million Americans stand to be on the receiving end of an inheritance in the coming years. Planning is crucial if you hope to preserve your windfall, save on taxes, and avoid family squabbles. In The Inheritor's Handbook, expert Dan Rottenberg offers a comprehensive guide through the inheritance process that gets to the heart of the complex issues, both financial and emotional, that beneficiaries face. He demonstrates how future heirs can discuss money and wills, choose advisers, manage investments, and much more. Using real-life examples, Rottenberg provides tested solutions to sensitive inheritance issues -- before the time of death, at the time of death, and years later. The Inheritor's Handbook is the only book you'll need to help you manage the difficulties, decisions, and opportunities that come with inheriting.
