Are you concerned about the impact of wealth on your heirs? Are your heirs prepared for the responsibilities of wealth? In Preparing Heirs, Roy Williams and Vic Preisser disclose the surprising findings from their research into the legacies of 3,250 wealthy families. With extraordinary insight, they reveal what the relatively small number of successful families had in common—how they achieved and maintained family harmony, and ensured the smooth transition of their wealth to well-adjusted heirs. They also warn of the wide range of factors that cause the majority of wealthy families to fail in their transition.
Preparing Heirs offers clear, concise, well-organized, and easy-to-follow instructions that will enable you to evaluate your plan for transitioning family wealth. Used in conjunction with qualified professionals such as attorneys and accountants, this book can help you develop a plan to transmit the family values underlying the accumulation of wealth and prepare your heirs to be good stewards and thoughtful administrators of that wealth.
Most clients understandably find planning concepts and strategies confusing, but most also have a fairly sound understanding of who and what is most important to them. These are the priorities from which to build the foundation of a successful estate plan. The seven principles explored in this book use personal values as a basis to form The Legacy Planning System
TM. With this approach, advisors can:
- Help clients discover and solidify their deepest values, convictions, and objectives relative to their money
- Help clients express those values and objectives in a clearly written Family Financial Philosophy mission statement
- Serve as the team leader in advising clients and clients other advisors on how to use the mission statement to direct the planning process
Clarifying your clients priorities and personal goals will enable you, as a trusted advisor, to simplify the planning process for clients, ensure their lifetime financial independence, and help them control their ultimate family and social capital legacies. Confronting issues of family dynamics, taxes, and financial situationsnot to mention accepting ones own mortalityis difficult for many people. In addition, since estate planning often requires a shift in ownership of assets, clients feel an unsettling loss of privacy and control over their financial resources. Help your clients to overcome these obstacles and achieve their highest financial and philanthropic aspirations. Theyll thank you for generations to come.
Praise for Values-Based Estate Planning
"Scott Fithians book provides planning professionals with new insights into the estate planning process. Most importantly, he stresses the individual and family benefits of philanthropythrough the concept of social capitalwhich should be a key element to the planners inventory of client questions."—Charles W. Collier, Senior Philanthropic Advisor, Harvard University
"This exceptional book empowers planners with a well- organized roadmap to lead wealthy clients to implementation of an estate plan expressing the clients own values. Scott Fithians Legacy Planning System focuses the advisor on the critical importance to the estate planning process of helping clients identify and articulate their values and objectives. This useful volume makes those ideas available to a much broader audience, while broadening the subject with illustrations of effective employment of the methodology he has developed."—David Wheeler Newman, JD, LLM, Mitchell, Silberberg & Knupp LLP
"Fithians view of the complete person helps the advanced advisor avoid the typical limitations (hazards) of planning for wealthy families. The easy-to-understand and easy-to-follow methods help determine in-depth values of the clients total financial goals. His methods result in cementing valuable relationships with the most prized clients. Critical reading for CPAs, attorneys, insurance agents, or other advisors." & mdash;Jessica M. Bibliowicz, President and CEO, National Financial Partners
"Scotts wealth optimization system is truly revolutionary. For the first time, affluent clients and their advisors can rely on a fully integrated system that spans all phases of wealth accumulation, management, and transfer over time. An outstanding reference!"—Robert Keys, The Private Client Group
Customer Reviews:
Honoring Your Values via Gifts and Bequests.......2000-06-01
Many estate planners fail to adequately understand a client's personal values and priorities and merely plug into a standardized will and trust setup. This book provides a systematic method for analyzing and implementing needs for personal financial security, gifts to family, and charitable giving. The audience for the book is clearly professional financial planners, but wealthy individuals will find the author's approach helpful.
Book Description
A comprehensive and systematic guide to arranging financial and legal affairs. It includes perforated checklists and inventories that tear out for easy use.
Customer Reviews:
Everyone Should Own This Book!.......2002-08-03
If you are told to "get your affairs in order", it makes you think you are approaching your final days on earth and you better get your legal and financial information together so your loved ones won't have to after your passing. Well, if you are faced with that unfortunate situation, this book would definitely be what you need. The title however, unfairly limits this books ability to appeal to the masses... and the masses should definitely have this book!
This book is for everyone... old or young, healthy or unhealthy, rich or poor. It is written in an easy to follow checklist format and even has the checklists duplicated and perforated in the back of the book for your imediate hands-on use. Each chapter makes you think long and hard about finances, insurance, retirement plans, legal issues and estate planning, credit and credit history, and taxes.
If you are not an organized person, it gives you a great system for compiling and keeping your records accessible and up to date. If you are an organized person, you will LOVE this book, because it is so thorough and systematic that you will be anxious to impliment those ideas you may not have thought of.
For instance, if your purse or wallet was stolen or misplaced, would you be able to instantly list it's typical contents and information associated with it's contents? Imagine having a list containing account numbers and customer service numbers for each credit card, library card, identification card, license, insurance card, etc., you typically carry. What might take months to even realize you no longer have, could now be replaced immediately with this system. This book is loaded with ideas like this... things you just don't think about until you REALLY NEED the information and then it might be too late or much more difficult to obtain.
This book gives you back CONTROL of your life. Applying it's system will make you better prepared for any of life's glitches, big or small. You owe it to yourself and your loved ones to impliment this easy to follow plan!
Book Description
Protect your family, and skip the stress!
It's so important to plan ahead for your loved ones - and with The Busy Family's Guide to Estate Planning, you can do so easily and with confidence.
The book outlines 10 simple steps to take. Just tackle one step every month, and soon you can cross estate planning off your to-do list -- and have peace of mind knowing you've looked after your family.
Author Liza Weiman Hanks, a lawyer and a parent, gives you practical guidance about what's crucial to do now and what can wait. The Busy Family's Guide to Estate Planning will help you:
- write your will
- determine how much life insurance your family needs
- figure out whether you need a living trust
- learn about powers of attorney
- work with a lawyer, if you need to
The CD-ROM provides 15 easy-to-use forms including a simple will and worksheets that will help you get organized, make important decisions and track your progress. Also, an audio interview with the author will answer questions you may have about wills and estate planning.
Customer Reviews:
A great little estate planning guide for young couples with children who have not yet become adults........2007-09-29
I thought this book was wonderful. It clearly has a target audience of young couples who have children that could possibly be left parentless before becoming adults. The information contained in this book is right on target.
It starts out providing the reader with the ins and outs of guardianship. It discusses just about everything a young couple must know and consider when drafting a will that will direct the probate judge to appoint someone to look after the decedents' minor children.
The book also covers what a young couple must do in order to plan for the financial support of their minor children should the couple pass away prior to their kids reaching majority age. The book presents this material in a very clear and straightforward way.
Also covered are wills, living trusts, life insurance, and a few other general estate planning topics. There are some nice forms included on a CD that comes with the book. And there are also some audio files on the companion CD. I didn't listen to them, but I suspect they might be helpful to a young couple who needs to take the instruction offered by this book. 5 stars!
Practical, Easy-to-follow Guide.......2007-09-08
The Busy Family's Guide to Estate Planning answers the most basic questions about estates. The text highlights 'tips' and features 'resouces'. Also neatly laid out charts and graphs help the reader to organize thoughts on specific topics - such as wills. For example, a Will Worksheet goes through each step of creating a will.
In addition, neat checklists help the reader organize paperwork and critical information. A bonus CD includes forms and worksheets.
Overall, this is a no-fuss guide with a wealth of information.
Valerie Atkinson Brown
International Thomson Publishing
A pick for libraries strong in family patrons and business.......2007-09-02
Attorney Liz Weiman Hanks' THE BUSY FAMILY'S GUIDE TO ESTATE PLANNING: 10 STEPS TO PEACE OF MIND is a pick for libraries strong in family patrons and business: it covers basic estate planning for families, from choosing a guardian for children and determining how much life insurance a family needs to learning about powers of attorney and working with a lawyer. An accompanying cd-rom holds fifteen forms, including a simple will, and worksheets to track decisions and progress.
Average customer rating:
- ESTATE PLANNING ADVICE AT ITS BEST
- TAKE HIS ADVICE: DON'T DIE UNTIL YOU READ THIS!
- UNDERSTANDABLE APPROACH TO ESTATE PLANNING
|
Don't Die Until You Read This: The 7 Step Program to Creating and Preserving Your Financial Legacy
Daniel G. Nigito
Manufacturer: American Book Publishing Group
ProductGroup: Book
Binding: Paperback
 General
| Business & Investing
| Subjects
| Books
General
| Personal Finance
| Business & Investing
| Subjects
| Books
Retirement Planning
| Personal Finance
| Business & Investing
| Subjects
| Books
Estate Planning
| Personal Finance
| Business & Investing
| Subjects
| Books
ASIN: 1930586590 |
Book Description
National insurance and stock brokerage companies are buying large bulk orders of Dan Nigito's book, Don't Die Until You Read This: The Seven-Step Program for Creating and Preserving Your Financial Legacy.
Jefferson Pilot leads the charge by using this book to create a customized CD-ROM and brochure to assist their agents in presenting a powerful estate tax savings plan for their clients.
Individuals can now obtain this very important information directly without engaging expensive financial advisors or agents!
Customer Reviews:
ESTATE PLANNING ADVICE AT ITS BEST.......2001-06-30
Dan shares with his readers the same 7 step program that he has used to position many of our clients to potentially save millions of dollars that might have been lost to Federal estate, income and capital gains taxes. His uncanny ability to put estate planning into understandable terms makes this book, and his plan, clear, concise and extremely compelling.
TAKE HIS ADVICE: DON'T DIE UNTIL YOU READ THIS!.......2001-06-30
Dan Nigito showed me how I could protect my life's work from tax devastation for my children, multiply it without tax for my grandchildren, while avoiding capital gains taxes and picking up a tax deduction for Betty and myself! The Family Foundation we created will keep our philanthropic legacy alive long after we're gone. And we did it all with money we would have lost to taxes anyway! Take his advice and Don't Die Until You Read This!
UNDERSTANDABLE APPROACH TO ESTATE PLANNING.......2001-06-30
"Dan Nigito has a very entertaining style, which combines dry wit with real life examples. In the years I've known him, I've come to respect how clearly he can explain a complex subject. His sense of humor and step-by-step action plan make this book a joy to read." John J. Shaw, President of the NFL World Champion St. Louis Rams
Product Description
What happens to an individual's estate after they are gone is very much within their 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. Performing these important preparations is commonly referred to as estate planning.
For an individual to help ensure that his assets are protected and final wishes carried out, there are some common actions that need to be taken now. Proper estate planning allows you to plan for yourself and your loved ones without giving up control of your affairs.
Your estate plan should allow for the possibility of your own disability. It should give what you own to whom you want, at a time of your choosing, the way you want. Your estate plan should include fully disclosed, controlled costs for you and for those you love. The last thing you want to worry about is having it drained of value through taxes and legal costs. The right plan can protect the value of your estate and spare your loved ones unnecessary hassles and legal conflicts. This new book will help you glide through the complicated process.
One of the biggest issues you need to consider is estate taxes. For starters, Uncle Sam begins collecting gift taxes at the $1 million level. Married couples with estates over $4 million are subject to estate taxes that soar up to 46 percent and if you wish to leave money to grandchildren, estate taxes can reach as high as 73 percent!
Many books on estate planning indicate you do not need the services of an attorney, but we highly recommend an attorney versed in this area to assist you. You should not go through the process alone. What this book will do though is explain the complicated issues, terminology, and planning strategies of estate planning to the lay person (me and you) so that when you do meet with a qualified attorney, you will be well prepared. You will understand legal terms and be ready to discuss issues and strategies with familiarity, saving time and legal fees and ensuring peace of mind.
Some of the contents of the book are wills, assets, and settlement costs, probate, guardianship and minor children, executors and trustees, life insurance, living trusts, living wills, durable power of attorney, catastrophic illness, potential long-term care needs, marital deductions, types of trusts, federal and state estate exemptions, irrevocable life insurance trusts, gift splitting, survivorship deeds, charitable remainder trusts, 529 plans, health care proxy, power of attorney, reducing or eliminating estate taxes, avoiding tax on life insurance, using insurance to pay estate taxes, gift tax issues, generation skipping transfer tax, and tax deferred accounts.
Estate planning should be a positive experience. It involves reviewing your situation and planning for your future. Although most people also find it unpleasant to think about the possibility of disability or death, advance planning is also a way to show your love and to reduce potential distress later. Get started today.
Customer Reviews:
More than how to leave an inheritance, but how to have something to leave.......2007-10-17
This detailed book does much more than to tell you how to make a will. When it tells you not to put that off, it also gives you project management and time management advice to get it done. It has a whole section on will substitutes, such as joint tenancy and living trusts, that allow your property to be transfered apart from your will, and details what each tool is best suited for and what it's not. For example, setting up a trust can solve many estate planning problems, but not all of them, and this book explains which ones. Probate is a good thing to avoid, but this book explains why probate is sometimes useful. And it covers legal difficulties in easy-to-understand language. What if your estate is not worth as much as you're giving away? What if your daughter dies two days after you do? This book offers solutions to these challenges.
The book asks questions and provides answers that you might not have thought about. For example, divorce complicates estate planning. You might not want to think about that, but this book provides information on how to prepare for divorce and the possibility of divorce. And you might not think you have much of an estate, because you owe so much money. But those negative figures are part of estate planning too. And the book doesn't neglect the importance of regularly revisiting your good planning, to make sure it stays up to date. The book, by the way, is up to date. It talks about how US estate taxes are changing in 2009 and 2011. And it doesn't leave out the less savory aspects of estate planning. Yes, it mentions feeding tubes and funeral arrangements.
Not that the book is perfect. I was surprised to find whole life and universal life insurance listed as legitimate, rather than mediocre, investment options. And I would have liked more specific wording examples, including a sample will, though that may not have been appropriate since the author is not an attorney. In fact, I'm still not sure what the author's credentials are - apparently she has written extensively for many years on the subject, but as a ghostwriter, which means she can't tell us what she wrote. Case studies are mostly written by professionals and not by ordinary people, and show it by their formality. If you want a book about estate planning by yourself, this isn't it. It doesn't tell you how to get by without an attorney, or even an insurance agent, but it helps you work with those professionals more effectively.
Great for Beginners to Estate Planning.......2007-09-24
Many people know they should have an estate plan, but don't know how to go about forming one. They may even not understand what an estate plan really does. Some of the more common questions include:
* What exactly is an "estate?"
* Who would I talk to about my estate?
* How can I make sure my wishes are followed in the event of my death?
This handy book is exactly what it claims to be--a straightforward and step-by-step guide to making the arrangements we all need but no one likes to think about.
The author has a friendly and informative style that eases the reader into the sometimes complex world of estate planning. The first chapter is an introduction to the terms and people that those looking to plan their estate will need to be familiar with. Accountants, attorneys, financial planners, and insurance agents are all introduced to the reader, along with why they play a part. Estate planning needs a goal, research, and a plan, says Baker, and the book clearly lays out how to decide on each. Readers are encouraged to decide first what they expect their estate to do, and what their wishes are.
Once the goals are set, it's time to look at actual estate worth. The author explains what goes into an estate, how to account for debts like loans and credit cards, and even how to plan for expenses like settlement costs and attorney fees. Baker then moves on to the applicable laws governing estates, and how to navigate the legal red tape that can tie up the uninformed.
While the book begins with a primer on estates, those who may be looking for more advanced information won't be disappointed. There are also chapters on various types of trusts and how to set them up to the reader's advantage; federal tax laws, insurance, and even how to plan for long-term care. Case studies illustrate major points and give the reader a sense of real-world application.
The book is easy to read and understand, and doesn't talk down to the reader. Baker does an excellent job of making complex information available to those without a doctorate in finance. All in all, this book is a great buy for anyone looking to "get their affairs in order."
Product Description
Contents include: What is Probate?, Probate at a Glance, Cost of Probate, Ways to Avoid Probate, Joint Tenancy, Life Insurance and Probate, Living Trust: Ideal Vehicle to Avoid Probate, Comparison at a Glance, Advantages of a Revocable Living Trust, Disadvantages of a Revocable Living Trust, Community Property, Dower and Curtesy Rights, Trustee of Your Revocable Living Trust, Various Provisions in Your Trust Instrument, Setting Up Your Living Trust, Face Page, Declaration of Trust Forms (Forms M-1 through M-9), Implementing Your Living Trust (Forms QCD-1, QCD-2, BS-1, BS-2, ADT-1), Revoking or Amending Your Living Trust (Forms RV-J, RV-S, AM-J, AM-S), What Steps Should Your Successor Trustee Take?, Revocable Living Trust to Avoid the Second Tax, Sample Revocable 'A-B' Trust Agreement, Revocable Life Insurance Trust, Sample Revocable Life Insurance Trust, Do You Still Need a Will?, Pour-Over Will, Revocable Living Trust and Your Creditors, Revocable Living Trust and Your Taxes, Estate Planning Worksheets, Glossary of Terms.
Books:
- Parlay Your IRA into a Family Fortune: 3 EASY STEPS for creating a lifetime supply of tax-deferred, even tax-free, wealth for you and your family
- Pay It Down! : From Debt to Wealth on $10 a Day
- Paying for College Without Going Broke 2007 (College Admissions Guides)
- Paying for College Without Going Broke 2007 (College Admissions Guides)
- Penny from Heaven (Newbery Honor Book)
- Pirates
- Quicken Willmaker Plus 2007 Edition: Estate Planning Essentials (Book with CD-ROM)
- Ready...Set...Retire!: Financial Strategies for the Rest of Your Life
- Ready...Set...Retire!: Financial Strategies for the Rest of Your Life
- Rethinking Columbus: The Next 500 Years
Books Index
Books Home
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Help when I Need It.......2007-01-13
Easy To Read.......2000-05-17
