Estate & Trust Administration For Dummies

Estate & Trust Administration For Dummies
by Margaret Atkins Munro, Kathryn A. Murphy

Estate & Trust Administration For Dummies
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Book Summary Information

Author: Kathryn A. Murphy, Margaret Atkins Munro
Edition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2008-11-24
ISBN: 0470286172
Number of pages: 384
Publisher: For Dummies

Book Reviews of Estate & Trust Administration For Dummies

Book Review: Excellent guide to estate and trust administration
Summary: 5 Stars

Estate and Trust Administration for Dummies is a comprehensive and comprehensible book written by two experts who have considerable expertise in the legal, financial, and personal aspects of estate and trust administration. The book is organized in a logical manner. The first part of the book provides an introduction to and overview of estates and trusts. The subsequent parts deal in turn with estates, trusts, and taxes. For some readers, the first part may be all they need to read in detail, and the rest will serve as an important reference book for specific questions and issues that will arise as the estate/trust process proceeds. There are numerous cross-citations throughout the book that identify other relevant sections to read. Even if one is using professional help with the administration of an estate and/or trust (which is likely), professionals do not always have the time or ability to explain things with the detail yet clarity of this book (or will charge a princely sum to do so). Interesting and humorous anecdotes from the authors' experience are interspersed with the technical information, which adds to the readability of the book. Mistakes in administration can be very costly, and this modestly-priced book provides a wealth of information that anyone dealing with an estate and/or trust should have.

Summary of Estate & Trust Administration For Dummies

Executing an estate or a trust fund is a big responsibility. Estate & Trust Administration For Dummies contains advice for handling estates and trusts of any size. It offers solid pointers on reading and interpreting a will and other documents, and helping heirs avoid paying too much (or too little). It also shows you how to take care of a loved one's estate in the event that a will or trust was never created.

This authoritative, plain-English guide helps you understand and follow the rules that govern estates and trusts, ensure a smooth transfer of property, and manage fiduciary affairs in an orderly manner. You?ll get help choosing and assembling a team of professional advisors, settling debts and paying bequests, operating a revocable or irrevocable trust, and making sound trust investment decisions. Discover how to:

  • Understand executors? and trustees? duties
  • Read and interpret important documents
  • Properly execute an estate or trust
  • Handle estates both large and small
  • Get familiar with the probate process and estate taxes
  • Identify different types of trusts
  • Follow the deceased?s wishes ? and the law
  • Notify insurers and employers of a death
  • Follow the steps for closing an estate
  • Establish, fund, and change ownership of a trust
  • Keep proper trust records

Yes, you can do the job and do it well. All you need is a little help from Estate and Trust Administration For Dummies.

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