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How To Avoid Financial Tangles How To Avoid Financial Tangles contains practical discussion for meeting increased responsibility and saving you money. It is easy to read and written for those who have no special training in law and finance. For example, it tells you how marriage affects property, how to own real estate, and how to use a power of attorney. It tells you about making a will and about life, care, and fire insurance. It discusses many common subjects that virtually everyone should know about. It also contains valuable information about income, estate, inheritance, and gift taxes, and offers help for a surviving spouse. Recently enacted tax legislation favorably changed many taxes you must pay. Your careful tax planning can save you tax dollars now and in the future. Among other things, a surviving spouse will need to know about funeral and estate procedures and how to release joint bank accounts, collect life insurance, file a will, and evaluate inheritance and estate taxes. Also discussed are the relative merits of probate and trust arrangements, which might save you tax dollars. A trust may enable you to plan the distribution of your estate to those you wish to support and thus gain satisfaction from seeing your plan at work. Trusts are not just for the elderly or wealthy. People of virtually all ages and means might benefit from the prudent use of trusts. This popular book was prepared under the guidance of a former Chairman of the Economics Department, University College, Rutgers University, and the President of AIER. We have been providing low-cost independent advice on personal financial planning for more than 60 years. This basic book, updated as provisions of tax law are phased in, has helped millions of people avoid financial tangles. |
Types of Trusts
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