Why Wills Won't Work (If You Want to Protect Your Assets)

Why Wills Won't Work (If You Want to Protect Your Assets)

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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 qone size fits allq approach of filling out a few legal documents. In this book, he illustrates his customized SAFE methoda€”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 Work addresses: - 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 Work is the essential guide for readers who want to be sure now that their family's future inheritance is airtight.You think yourlife is a€œwatertighta€? Think again! Leta#39;s take a look atjust a few of the possible situations in which your entire life savings could suddenly be washed away. Your dog runs away, and before you cantrackFido down, he bites youranbsp;...

Title:Why Wills Won't Work (If You Want to Protect Your Assets)
Author:Armond Budish
Publisher:Penguin - 2007-05-17


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