Why Wills Won't Work (If You Want to Protect Your Assets): Safeguard Your Estate for the Ones You Really Love

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Avery, 2007 - Business & Economics - 220 pages
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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.

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Contents

Why Wills Wont Work
3
The Three Most Important SAFE Protections
33
Choosing the SAFE Plan to Fit Your Priorities
61
Copyright

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About the author (2007)

Armond Budish is a nationally known award-winning consumer journalist and attorney, and a pioneer in estate planning and elder law, who was recently elected to the Ohio State House of Representatives. He is the host of a weekly television show, Golden Opportunities, which airs on the Cleveland's NBC affiliate station, and he writes the weekly syndicated column "You and the Law" featured in the Cleveland Plain Dealer, The Columbus Dispatch, and other newspapers. A regular lecturer on estate planning and law, Budish lives in Cleveland.

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