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Every Californian's Guide To Estate Planning: Wills, Trust & Everything Else
Ebook Free Every Californian's Guide To Estate Planning: Wills, Trust & Everything Else
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Book Description
Estate planning books often fall into two categories: Those that are overwhelming and full of jargon, focusing on strategies to avoid taxes, or those that provide a general overview of wills, trusts, and estate planning tools and issues at a basic level. Every Californian’s Guide to Estate Planning is different: It focuses on estate planning issues that are unique to people who call California home. California is different from almost anywhere else – people come from all over the world to live here, less than 25% of our families fit the traditional model, property is subject to community property rules, and our property tax rates are kept low until a property changes hands. No other estate planning book on the market addresses international issues, how to plan for blended families, how and why community property matters in an estate plan, or how to pass low property taxes on to your children. Written by an estate planning attorney with more than 15 years of experience, complex issues are explained in clear and concise language with lots of examples based on real life stories.
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From the Author
I wrote this book specifically for Californians because we are a little bit different from everyone else. After 17 years of working with hundreds of Californian families to write estate plans that work, I know that we can be a bit more international, live in more complicated families, never marry, own assets all over the world, be in love with our pets, or want to support charitable causes. We can be cash-poor but house-rich, subject to capital gains taxes that only the super wealthy have to pay in other parts of the country. And all of us need to plan for California's expensive and slow probate process and property tax system that keeps our property tax low until a house changes owners. There are other estate planning books out there, but not one of them addresses Californian's issues specifically. I wrote this book for busy Californians, not tax lawyers or accountants. I use real-world examples that are drawn from the clients I've had the privilege of working with (though I've changed all of their names) so you can benefit from what worked, and what didn't. Unless you are very wealthy (as in the top of the top 1%), your estate plan doesn't need to be super complicated or hard to read. I hope that this book explains everything you need to know to put your plan together, whether you choose to do it alone or work with an attorney. I know that people think estate planning is boring. But it isn't -at its core, it is about giving everything you've got to the people and causes you love the most. Don't make it harder than it needs to be. What are you waiting for? Good luck!   Â
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Product details
Paperback: 360 pages
Publisher: NOLO; First edition (January 30, 2018)
Language: English
ISBN-10: 1413324681
ISBN-13: 978-1413324686
Product Dimensions:
7 x 0.8 x 9 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review:
4.4 out of 5 stars
16 customer reviews
Amazon Best Sellers Rank:
#45,694 in Books (See Top 100 in Books)
Liza Hanks has been my wills and trust attorney for more than 20 years. She writes the same we she speaks -- clearly, in language everyone can understand and with good humor. She explains estate planning options with their pros and cons clearly for the young, old, wealthy and not-so-wealthy because she makes it clear one size does not fit all people or families over their life-time. Recently, we moved from our home of 25 years to a retirement community so my trust needed to be adjusted, but before sitting down with Liza, I purchased this book. After looking over the topics I hoped to discuss with her, I realized there were issues I needed to discuss that I might not have considered without reading her book. It made our discussion more fruitful and my plan much better informed. If you are beginning an estate plan or updating an existing plan this is a great resource.
I don't have much trust for "professionals" and would rather do things myself on my own schedule. Doing your own trust is not tough at all. It takes time, but so does working with a $500 per hour lawyer! The hardest part was dealing with the County Clerk to change the title of my house. They made it clear that they want you to use a lawyer and wouldn't even tell me which form I needed to fill out! It took me 3 trips to complete.
This is an excellent, informative book and I love the fact that it gives you access to online forms. It explains a lot of different options for setting up an estate plan.
Very useful book. Particularly the information about avoiding California probate.
Well organized, easy for the non-lawyer to follow, comprehensive.A great preparation for a paid meeting with an attorney.
same old information, nothing that hasn't been on the talk shows for years.
Great reference and well written information Highly recommend
The Nolo “Every Californian’s Guide to Estate Planning, Wills, Trusts and Everything Else†is a really excellent reference book/resource for those who either have, or are contemplating getting, a revocable trust within the state of California (which is the route I went). The book covers basic wills, trusts and estate planning but I viewed it thru the lens of having had a revocable trust for years, and the first thing that struck me while reading this book, which became very apparent in the first 2 or 3 chapters, was that all of the material covered was pretty much exactly the same discussion I had with my lawyer when we had our conference to discuss my trust. Topics included when is it appropriate to do a will vs. trust; considerations about spouse/children/who you will be leaving assets to; creating a list of assets and determining what assets should and should not be placed in the trust (and when you should just go the route of beneficiaries, like with insurance and retirement plans); and how the trust process plays out while you are alive and after you die. The book also goes on to explore other specific topics such as health directives and beneficiaries, and making sure you update your planning as circumstances change, given that people are living longer, have multiple marriages/mixed families, etc). Based on my experience, I found this book pretty much hit the key ideas and concepts that most people will need to know when setting up a revocable trust, and did so in easy-to-understand language.I have read several of Nolo’s legal books series (topics including being an executor, trustee, general estate planning and common legal issues that many might face) and their books are affordable and excellent. As always, you should consult a lawyer for your specific situation and to be aware of changes to the law (and in the case of revocable trusts, to make sure real estate deeds are transferred to the trust correctly and that the Trust is correctly recorded by the state) but as a starting point, these are excellent books, and to have a CA-focused volume is welcome (as we do have around 40 million people here).
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