Plan Now or Pay Later

Tools and information everyone needs to formulate a comprehensive, protective estate plan.Too little, too late! Everyone regrets missing the boat now and then. But when it comes to estate planning, too little, too late means less—often a lot less—for your heirs. That`s where this straightforward, easy-to-use guide comes in. Judge Jane Lucal meshes her years of experience as a probate judge with sound financial planning concepts. Having seen every mistake imaginable firsthand in the courtroom, she helps families anticipate the pitfalls of estate planning and capitalize on the slew of techniques that can maximize the transfer of wealth from generation to generation. In down-to-earth, straightforward language, the book explains why estate planning is so important, how you can calculate your net worth, and what asset protection options you can apply to your own situation. Judge Jane explains her cornerstone concepts, the five basic questions you need to ask yourself about your estate plan. The book highlights real-life tales from the courtroom to illustrate Judge Jane`s practical approach to estate planning. It shows readers how to integrate financial and legal planning for long-term positioning that translates into real money accumulated over the years. The author also offers insights on preparing for unforeseen events by building flexibility into the plan.Inside:• How and why you should jump-start your estate planning now• Identifying your key estate planning goals• Thorough explanations of estate planning vehicles like trusts, annuities, IRAs, Keogh plans, simplified employee pension plans, 401(k)s, and more• Legal terms and concepts conveyed in lively, no-nonsense, easy-to-understand language• Disability planning and planning for special situations, illustrated by real-life case studies• Extensive resources, book lists, tools, and other information Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved.