Download PDF Executor's Guide, The: Settling a Loved One's Estate or Trust
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Executor's Guide, The: Settling a Loved One's Estate or Trust
Download PDF Executor's Guide, The: Settling a Loved One's Estate or Trust
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Review
"Mary Randolph, an editor at Nolo, a publisher of do-it-yourself legal guides and author of "The Executor's Guide," says it is a good idea to get a lawyer to help unwind a trust, especially if it will hold a significant amount of money. Trust owners can take some steps on their own―for example, going to a bank to change ownership of a trust-owned bank account back into their names as individuals. But if the trust holds a business or another asset, that could be more complicated. "If you've got some money to spend on attorney fees―and most people who have created AB trusts do―it can save you a lot of trouble later, "Ms. Randolph says." Wall Street Journal"Covers the gamut of estate chores and helps you get through them." Kiplinger's Retirement Report"Explains how to find state-specific information, and an appendix sorts legalities by state." Miami Herald"Provides a guide for executors and trustees, describing legal procedures and terminology, what to expect, decisions that will need to be made, and questions to ask." Reference & Research Book News"The Executor's Guide [is] a super-detailed, step-by-step book that's a must-read." Beth Fenner, CNN "More Money" blog
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Book Description
. Many baby boomers are serving as executors. This book shows exactly what to do NOW to make the job manageable when the time comes. Saves readers time and money
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Product details
Series: Executor's Guide
Paperback: 520 pages
Publisher: NOLO; Seventh edition (February 29, 2016)
Language: English
ISBN-10: 1413322298
ISBN-13: 978-1413322293
Product Dimensions:
7 x 1.5 x 9 inches
Shipping Weight: 1.8 pounds
Average Customer Review:
4.6 out of 5 stars
295 customer reviews
Amazon Best Sellers Rank:
#421,628 in Books (See Top 100 in Books)
Sadly I had to read this on my way down to a spare of the moment time. I was an executor and I had to know more about what the job meant and this book did a good job on informing me. Though I wish you had put "Probate" closer to the start of this book as I was confused on the many times you spoke about it during the book. I ended up reading it in way later chapters.This covers many things I had to deal with and was(is) a great source of information. Something every one should read before any issues arise in ones life, as it will help you to prepare the job before some one passes away. The book gives you knowledge in a lot of areas that would help you prevent headaches after loss. Such as ways to avoid "Probate". I do wish I had read this before hand. But it worked just as well after hand as well.Thank you for the book and your knowledge towards the subject.
I'm a 60 year old Paralegal. I have been a Certified Paralegal since 1988. Often times I need to refresh what I learned in school. This book, among other legal books I purchased on Amazon, were great for re-learning or refreshing my memory. I learn a lot of new things. I often refer my clients to buy this book online at Amazon. It's a great step-by-step book for when a family member dies. The first chapters tells you what to do the first week after the decedent passed, then the next chapters cover what to do in the following weeks and months. It's great for someone grieving and needing some initial guidance on what to do. It covers setting up file folders for bills that start to come in and needing to be paid. It covers what an Executor is suppose to do and when. Must have this book on your shelf at home. This book is good for ANY State. Nolo Books are great in general.Please purchase any legal book pertaining to your STATE. I live in Texas, so these TEXAS legal books were helpful. The ones on Estate Planning and Texas Probate are great for a family to have on their home book shelves. You can refer to them when have your Will prepared, or if anyone in your family passes and asks you to be the Executor of the Estate. Everyone should know about PROBATE, it means "To Prove Up" the Estate (or Will) and it's Assets, and in a court of law. Whether you have a Will, a Trust or No Will or Trust, an Estate must be probated in some way. You can "google" Texas Probate or for any state that you live in, and read up on it. Everyone who passes away, their Estate must be probated. Even individuals who have a Revocable Family Trust, which is often created to "avoid" probate, often has to go through probate anyway because they did not keep their Trust current. An attorney can explain. Yes, you will like this book. Jennifer in Houston, Texas.
Have only read excerpts from this book so far,but it has already helped me immensely. I felt lost and overwhelmed by the task of being Executor, but the book reduced it to human scale and laid a series of small, achievable tasks, Right off the bat, learned that the Estate was considered "small" and therefore qualified for a simplified probate process. That alone justified the purchase price!
My father in law died recently with a rather small and relatively uncomplicated Will, so my husband, who was named as the Executor, decided to try and Probate the Will without the use of a lawyer. That meant I would be the one handling all the work. I was a little worried, so I bought this book and read it before I agreed to undertake the task. (A really nice Amazon feature was that I was able to buy an add-on copy of the book in Kindle form for only an additional $2.99 so I was able to start reading it immediately.) The book was fabulous and gave me all the tools, and, therefore, the confidence to act on my own. I learned so much about the process of Estate Probating that I believe anyone with a few organizational skills (and a great deal of time and patience) can Probate a simple Will without a lawyer. Of course, I must warn you that this Estate had no outstanding debts, no real estate and only some IRA's, some cash accounts and a checking account. Moreover, I am not sure I will be able to do the Estate taxes or the final Income Tax when the time comes for that. so, I may need to hire a Tax Accountant for that part, although I have done my own taxes for over 40 years using paper and pencil, then Turbo Tax when that was invented. In sum, this is a great book.
My dad.s estate attorney quite honestly was nice, but not very helpful. I'm almost finished with my dads estate-it has been over a year since he passed. Due to family circumstances I was required to change from an agreed to supervised estate to unsupervised estate. If it wasn't for this book, I would not have known what needed to go to probate and what could be excluded. I made the personal inventory list as requested by the attorney-her fee is based on size of the estate. After I read the book, I realized that a good chunk of funds should not be included on the list based on how my dad set up a few accounts. I mentioned it to the attorney and we took it off the list going to be filed in court. I was a little annoyed about that and made sure I read ALL of the chapters that applied to us. Also explains tax forms that need to be filed for estate and deceased family member. I'm very lucky I knew where most of my dads paperwork was for items and passwords after he died. Even though I hope to live a long time, I'm going to get the NOLO book on organizing your affairs for my executor.
Being an executor is EXTREMELY difficult and complex. We could not have managed the trust/will requirements without this EXCELLENT, well-written, thorough resource. Even when using an attorney to navigate the maze, this book provides detailed, easy-to-follow explanations for what to expect, and how to be better organized. We have purchased several revised editions as the years have passed - we absolutely would NOT be without this resource. We recommend Nolo Press books on any topic to our friends.
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