Estate Planning, Wills and Trusts : For Business Owners and Entrepreneurs (Entrepreneur Legal Guides)
Estate plans are created for a variety of reasons, but they aren’t just about distributing your assets. First and foremost, you want the security of knowing that you have provided for your loved ones and minimized the legal issues and financial insecurity they might otherwise face upon your death. As a business owner, you need a plan for business succession or transition and have a unique set of considerations to take into account. You may even want to leave a charitable economic legacy. In any event, your estate plan should be tailored to fit your personal situation.
With a special emphasis on business owners, W. Rod Stern covers:
- Wills, living trusts, gifts, charitable trusts and more
- The pros and cons of probate
- How to transition your business so your heirs can benefit
- Selecting trustees and guardians
- Reducing estate taxes
- Long-term asset management
Begin now, and design an estate plan that protects both your family and your business.
Sample documents include:
- Simplified Sample Will
- Simplified Sample Family Trust
- Financial Summary Worksheet
- Total Assets and Liabilities Worksheet
- Your Family Documentation Worksheet
- Asset Value Test
- Income and Expense Test
- Calculating Life Insurance Needs
- Tax Impact of Gifting
- Common Distribution Provisions for Wills and Rrusts
- IRS Publication 950 Introduction to Estate and Gift Taxes
- IRS Publication 706 U.S. Estate Tax Return
- IRS Publication 709 U.S. Gift Tax Return
- IRS Publication 1041 U.S. Income Tax Return for Estates and Trusts
- Schedule K1, 1041 Beneficiary’s Share of Income, Deductions, Credits, etc.
For 30 years, Entrepreneur has provided the most trusted business advice available to business owners. Our legal guides continue that tradition by offering current and cost-effective legal advice so you can resolve the business and legal issues you face on a daily basis. We also strive to help you identify when it’s in your best interest to seek the personalized advice and services of a practicing lawyer.
List Price: $ 32.95
Price: $ 3.53
Estate Planning for Blended Families: Providing for Your Spouse & Children in a Second Marriage
In almost half of all stepfamilies, each parent brings one or more children to a new marriage and while other books give general information about wills, trusts, and taxes, many of them may not apply to couples in second marriages.
Estate Planning for Blended Families is the first book for parents in second marriages who want to provide both for their current spouse and their children from the current and prior marriages. Author Richard Barnes has years of experience guiding couples through the process of setting goals, discussing competing priorities, and choosing strategies and this book covers:
Estate Planning for Blended Families will also provide sample estate plans as well as the latest information regarding federal and state laws. (20090502)
List Price: $ 34.99
Price: $ 17.98
Reform Medicaid First: Laying the Foundation for National Health Care Reform
As Congress contemplates major revisions to America’s health care system, two leading health economists warn that significant differences among state Medicaid programs will hinder national health care reform. Thomas W. Grannemann and Mark V. Pauly argue that Medicaid will need to be reformed as an early step in any serious health care reform effort. While states such as Mississippi and Nevada spend as little as ,000 per poor person annually, New York and Alaska annually spend more than ,000 per Medicaid patient. Large differences remain even after correcting for cost-of-living and medical-price differences. This imbalance among states creates an uneven and unstable foundation for any national program to address the needs of uninsured Americans. The authors offer principles for reform designed to encourage equity, efficiency, and accountability in all publicly funded health care programs. They suggest changes in provider payment methods and federal/state financing designed to promote interstate equity, equality of payment across settings, claims-based accountability, provider network control, and value-based cost containment. Such reform will require upfront changes in Medicaid to improve access to high-value health care for low-income persons (particularly those in low-Medicaid-benefit states) and to help slow the rate of growth in medical costs. These changes will level the playing field for state programs and provide a crucial foundation for further national reform.
List Price: $ 15.00
Price: $ 8.63
Estate Planning Smarts: A Practical, User-Friendly, Action-Oriented Guide, 2nd Edition
This best-selling book for baby boomers and their parents is essential reading, whether you are tackling the subject for the first time or revising your plan to reflect changes in the law, your finances or your personal life.
The expanded 2nd edition, available here, replaces the 1st edition, published in 2009. It covers the important 2010 tax changes that affect everyone and explains how to:
Appoint someone to handle your finances in case you are not able to some day because of illness or disability
Protect your spouse or partner
Provide for young or disabled children, and grandchildren, too
Hand down a family business
Build a charitable legacy
Shield assets from creditors
Transfer non-probate assets, such as joint accounts, retirement plans and co-owned real estate
Avoid family conflicts
A lawyer, award-winning journalist and dynamic speaker, Deborah L. Jacobs is a frequent contributor to The New York Times and Forbes. She has also been interviewed as an expert by reporters from many different media outlets, including The New York Times, Bloomberg News, Smart Money, Reuters, U.S. News & World Report, MarketWatch and CBS TV.
List Price: $ 24.95
Price: $ 15.65