Co$tly Estate Planning Mistakes: & How to Avoid Them

We all know that two guarantees in life are death and taxes. But did you know that there's more--a LOT more--to smart estate planning than just dealing with "death" tax issues? In fact, many people don't realize that estate planning strategies can save your heirs hundreds of thousands of dollars incapital gains, income, and property taxes...not to mention probate court fees, preservation of government benefits, and more! In Co$tly Estate Planning Mistakes California estate planning lawyer Rebecca Sommer and Enrolled Agent Susan Miller discuss common scenarios - such as adding a child to the deed or your bank account - and the unexpected costs and consequences that come with them, with an extra emphasis on issues faced by California homeowners. You will learn how to avoid: Common mistakes with transferring the family home (or other property) and/or adding children to your deed; Surprising tax traps, such as the "Medicare Income-Related Monthly Adjustment Amount," that can be triggered when you do something like sell your home to cover long-term-care expenses; Unexpected consequences of failing to plan (such as jeopardizing financial aid); Accidently laying the groundwork for a new spouse (or child) to claim an inheritance that you didn't intend; Unnecessary court action(s) if you become incapacitated; And much more! With easy-to-read scenarios and explanations, this book will empower you to make smarter decisions to better protect yourself and leave a meaningful legacy behind for your loved ones.
ASIN: B0FT1B1F5D
VSKU: BVV.B0FT1B1F5D.G
Condition: Good
Author/Artist:Miller, Susan|Sommer, Rebecca
Binding: Paperback
Note: Any images shown are stock photographs and product may differ from what is shown.
Condition Notes: The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact including the dust cover, if applicable . Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials.