Practical Guide to Estate Planning, with CD (2011)

Author: Ray D. Madoff; Cornelia R. Tenney; Martin A. Hall; Lisa Nalchajian Mingolla
Publisher: CCH U.S.
ISBN: 9780808023098
Published In: October 2010
Format: Paperback , 776 pages
Jurisdiction: U.S. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details

Practical Guide to Estate Planning provides an overview of estate planning, offering the widestvariety of discussion on planning principles and tools from the simple to the sophisticated.

This book is not lacking in detail, as witnessed by its well-annotated collection of forms that will appeal to many experienced estate planners. The layout of this book reflects its emphasis on simplicity and clarity. It's scope includes a general overview of the estate planning process. It then addresses the rules involved in estate planning and the various ways in which estates may be structured to achieve desired tax effects. It goes on to discuss gifts, and some of the more specialized areas of estate planning, including generation-skipping transfer tax rules and charitable planning, including the use of private foundations and split-interest trusts. Finally, Practical Guide to Estate Planning contains a set of estate planning forms. Included are a living trust, an irrevocable life insurance trust, an annual exclusion trust, a pour-over will, a will with outright dispositions, a codicil, a living will, a charitable remainder unitrust, a durable power of attorney, a health care proxy and a qualified personal residence trust (QPRT). The authors provide alternative drafting options as well as comprehensive annotations that can be used as quick references that explain why and how these devices operate.

This reference, with its wealth of basic information as well as its impressive assortment of forms and supporting materials, offers something of interest for everyone. Its clarity and organization, augmented by well-constructed examples, practice tips, diagrams and charts, make it a work that will be useful to both the newcomer and the experienced practitioner in the field.

The 2011 Edition covers the legislative, regulatory and judicial developments that are of most importance to estate planners, bringing you up to date in this constantly changing area.

The Estate Planning Process
Basic Rules of Property Transfers Upon Death
Basic Estate Planning Documents
Trust Basics
Estate and Gift Tax Basics: Tax Tools of the Estate Planner
Planning for Spouse or Nonmarital Partner
Issues in Planning for Children
Using Gifts in Estate Planning
Generation-Skipping Transfer Tax Planning
Charitable Giving
Planning for a Closely Held Business Interest
Insurance
Estate Planning with Retirement Benefits
Post Mortem Estate Planning
Form 1 LivingTrust
Form 2 Living Trust Amendment
Form 3 Irrevocable Life Insurance Trust
Form 4 Annual Exclusion Trust
Form 5 Additional Annual Exclusion Trust
Form 6 Will with Pour-Over Provision
Form 7 Will with Outright Dispositions
Form 8 Codicil
Form 9 Durable Power of Attorney
Form 10 Health Care Proxy
Form 11 Living Will
Form 12 Charitable Remainder Unitrust
Form 13 Qualified Personal Residence Trust (QPRT)
Index

Cornelia R. Tenney is an attorney in the estate planning and nonprofit groups at Hemenway and Barnes in Boston, Massachusetts. She received a B.A. with honors and an M.L.S. from the University of Wisconsin-Madison, an M.A. from the University of Pennsylvania, a J.D. magna cum laude from Harvard Law School, and an LL.M. in Taxation from Boston University. She served as a clerk to Justice Ruth Abrams at the Massachusetts Supreme Judicial Court.

Her practice is focused on sophisticated estate planning, planning for business interests, and charitable organizations, and she has written and lectured frequently on these topics.

Martin A. Hall has been with the law firm of Ropes & Gray, in Boston, Massachusetts, since 1986 and has been a partner since 1994. He is a member of the Private Client Group and Tax and Benefits Department. Martin graduated with an M.A. in law, first class honors (1981) from Cambridge University, England and earned a J.D., summa cum laude (1986) from Boston University School of Law. Martin is co-author with Carolyn M. Osteen, also of Ropes & Gray, of the Harvard Manual on Tax Aspects of Charitable Giving (8th ed. 1999). Martin is a Fellow of the American College of Trust and Estate Counsel, current Vice-Chair of the Estate and Gift Tax Committee of the Tax Section of the American Bar Association, and Chair of the Professional Advisors Committee to The Boston Foundation.

Lisa Nalchajian Mingolla is a partner in the Trusts and Estates and Tax Departments at Sullivan & Worcester LLP In Boston, Massachusetts. Ms. Mingolla received her B.S.E., magna cum laude, from Princeton University, her J.D. from Boston College Law School, and her LL.M. in Taxation from Boston University School of Law. She is a member of the Trusts and Estates Section and Estate Planning Committee of the Boston Bar Association.