The Complete Guide to Planning Your Estate in New York: A Step-by-step Plan to Protect Your Assets, Limit Your Taxes, and Ensure Your Wishes Are Fulfilled for New York Residents
On June - 25 - 20105 COMMENTS
Product Description
What happens to your estate after you are gone is very much within your control. Estate planning is not only for the wealthy; it is for everyone. It is simply the process of deciding where your assets are to be distributed after your death. For those people who wish to preserve their assets for designated purposes such as family or special charities it becomes necessary to make special advance preparations. To ensure your assets are protected and final wishes are ca… More >>
What will happen to your property without you? This is one of the most difficult decisions that anyone will have to make. Fortunately, there Atlantic Publishing Company has found experts for this. The Complete Guide to Planning Your Estate in New York: A Step-by-step Guide to Protect Your Assets, Limit Your Taxes, and Enure Your Wishes Are Fulfilled for New York Residents pores through the intricacies of planning an estate, whether for death- or divorce-related matters. The Complete Guide features stunning grayscale photographs of New York City and contains the kind of advice that adaptable for estate planning anywhere in the country. Moreover, the appendices feature concise worksheets that make estate planning straightforward.
What’s key to planning the ideal estate, Ashar and Baker write, is in being a leader of your estate team: you are the senior attourney, accountant, insurer, and fi nancial advisor. As for doing your homework, The Complete Guide cuts through the legal and administrative spiderwebs of estate planning and outlines the steps that will prepare you for anything. Short in technical jargon and extensive in pragmatic suggestions, Ashar and Baker’s advice comes from their extensive practical knowledge as attourneys in the field and careful writing in this new book.
Rating: 4 / 5
By the name of the book title, I fully expected a reference book that can guide you through the nuts and bolts of estate planning. However, the book provides only very basic knowledge. Probably only those who totally have no clue what estate planning is would find it marginally useful. In addition, the paper is of the quality of a paperback and that pretty much summarizes what you should expect from it.
Rating: 2 / 5
I am by no means a wealthy person, particularly given the state of the economy. Like most Americans, I’ve had concerns regarding my financial security and the financial security of my loved ones once I pass away. The Complete Guide to Planning Your Estate in New York has proven to be a shining light in an otherwise disconcerting future.
This guide manages to take a rather mundane, certainly dry, topic and make it light and readable. I was not inundated with legalese and complex jargon that I didn’t understand. Technical words were explained in layman’s terms, and I felt like an old family friend was leading me through the daunting process of getting my estate in order.
You do NOT have to live in New York to gain from this book. No stones are left unturned. It even comes with handy “Case Studies” which provide first person accounts and advice from experts in this field. I highly recommend this title!
Rating: 4 / 5
The authors of The Complete Guide to Planning your Estate in New York are obviously well-intentioned. They make it clear that they want to help people protect and provide for their families and that they want them to do it in a timely fashion so that no detail is left unconsidered. This is noble and necessary, but it does not save the book from being extremely dry and a touch overwhelming in its `no stone unturned’ approach.
That being said, the authors make it clear that this book is mainly a primer and that many hired professionals such as attorneys, financial planners and insurance brokers must be consulted in the process of estate planning.
The authors give detailed consideration to all aspects of estate planning, including wills, trusts, life insurance, taxes, probate court, living gifts and final expenses. To their credit they don’t shy away from helping people with debt – giving them options on how their beneficiaries can best manage it, and they give considerable space to discussing how primary breadwinners can choose options that allow their families to access needed funds while their assets may be held up with probate or other delays. I also commend their appendices which function as a series of worksheets to lay out as meticulous or as simple an estate plan as needed. All in all, with the help of the appropriate professionals, this book could be quite the helpful tool in estate preparation
Rating: 4 / 5
This is a topic no one wants to discuss, but this book helps you understand and manage it as all eventually agree it is an important topic. I watched my parents have to deal with their parents aging and dying. I’ve watched my friends parents do the same and often run into financial difficulties doing so. Now that I have reached an age where I no longer believe I’m immortal and my parents are starting to get older, the importance of Estate planning is really sinking in.
Though the topic is a burden, this book is far from as it takes much of the pressure off your shoulders by simply educating you in areas which seemed so difficult to think about before much less understand. This book is very easy to read and isn’t overly filled with legal jargon even though it is written by a lawyer. The author’s obvious empathy to her clients over the years shines through her words. The author’s experience in practiced estate law and planning lends to easy to understand practical steps one must think about and do in order to protect your estate should you no longer be able to for whatever reason.
Rating: 4 / 5