Why Wills Won't Work (If You Want to Protect Your Assets): Safeguard Your Estate for the Ones You Really Love
For most people drawing up a will, making sure their inheritance is secure for their spouse, children, grandchildren, or other family members is a top priority. And though they may think they're taking care of their loved ones' future with the traditional planning a will offers, the reality is that down the line their designated heirs may never see a dime.
As attorney and estate-planning expert Armond Budish explains in Why Wills Won't Work, good estate planning in the twenty-first century requires more than the old "one size fits all" approach of filling out a few legal documents. In this book, he illustrates his customized SAFE method-the only solution that will Safeguard Assets for your Family Exclusively. Beginning with an assessment quiz that helps readers determine their particular needs, risks, and goals, along with the options available, Why Wills Won't Workaddresses:
- how to protect a child's inheritance in a divorce;
- the steps to take now to avoid death taxes later;
- how to safeguard an inheritance for grandchildren;
- how to keep probate court, creditors, and potential lawsuits from depleting an inheritance;
- how to plan in advance for a disabled child or one who can't manage money;
and - what documents you really need, and how to choose a lawyer.
Easy to follow and reader-friendly, with illuminating real-life stories throughout, Why Wills Won't Workis the essential guide for readers who want to be sure now that their family's future inheritance is airtight.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Why Wills Wont Work
The Three Most Important SAFE Protections
Choosing the SAFE Plan to Fit Your Priorities
6 other sections not shown
Other editions - View all
$2 million A-B Trust alternate trustee assets avoid probate beneficiary Budish capital gains tax Chapter chil child child's spouse COMBINED WITH SAFE costs create Creditor Protection Trust Crummey SAFE Trust daughter Death Tax Protection divorce document Dynasty SAFE Trust Elder Law estate planning estate tax family members federal death taxes Financial Durable Power Fund SAFE Trust gift tax gifts handle heirs income tax Insurance Trust investments kids lawsuits and creditors lawyer leave lifetime Limited Liability Company Managed SAFE Trust Marital Trust Medicaid Trust Money and Property Needs SAFE Trust nursing home owner pass person Power of Attorney problem Protection SAFE Trust regular SAFE Trusts retirement accounts Retirement Fund SAFE Revocable Living Trust SAFE planning SAFE Trust protections savings serve as trustee Special Needs SAFE spouse's Standard Revocable Living Standard SAFE Trust Starter Trust sued Tax Protection SAFE there's Trust combined