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Published:
November 2, 2021

Wills & Trusts Kit For Dummies

Overview

Enjoy peace of mind knowing that your assets will pass to your family according to your wishes

Regardless of your age or income, writing a legal will is one of the greatest gifts you can give your family. But where do you begin? Wills & Trusts Kit For Dummies walks you through the most important considerations to have in mind when you’re deciding what will happen to your estate when you’re gone.

Writing a will or setting up a trust isn't as fun as binge watching the latest hot web series, but this book makes the task a little less daunting. Find out who needs a will or trust (spoiler alert: everyone!), when you should create one, and how to take the first steps. Handy online content includes practical worksheets, forms, and templates that simplify and explain the process of estate planning in language that doesn't require a legal education to understand. With the help of Wills & Trusts Kit For Dummies, you'll have a document that details your final wishes before you know it.

  • Navigate probate, tax, and state laws that govern how property is passed to the next generation
  • Avoid the most common estate planning pitfalls and mistakes
  • Choose qualified professionals and specialists to help you make the best decisions for your family
  • Designate a guardian for your children and plan for their financial needs

You deserve to know that your loved ones will be properly taken care of when you’re no longer with them. Wills &Trusts Kit For Dummies delivers straightforward guidance and peace of mind on a subject that, sooner or later, we all must face.

*Please reference the Introduction to access a webpage where you will find a number of downloadable files and forms to create a will, living trust, living will, durable power of attorney, and healthcare proxy.*

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About The Author

Aaron Larson is an attorney practicing law in Ann Arbor, Michigan. He formerly worked for the Institute of Continuing Legal Education, where he developed professional education programs for lawyers in areas including estate planning. He operates the ExpertLaw website.

Sample Chapters

wills & trusts kit for dummies

CHEAT SHEET

Taking the time and attention to write a will and set up a trust — or a couple of trusts — are acts of generosity that your heirs and loved ones will appreciate in their time of grief. To do it right, you need to keep track of the people and papers involved, plan for incapacity, and know what you need from an estate plan, then review your plan regularly and especially after significant life changes.

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Articles from
the book

It’s not easy to think about, but your will and trust(s) need to include provisions that go into effect if you become incapacitated for any reason. Your executor and your heirs will be grateful for your forethought. Keep in mind the following points about planning for incapacity: If you don’t create a plan for your incapacity, a court may appoint somebody to oversee your personal and financial needs.
You want your will and trust to be legal, so it makes sense to meet with a lawyer to form your estate plan. Lawyers who specialize in estate planning can help you cover all contingencies and help make sure that your plan is complete. Use the tips in the following list to prepare for your meeting: Ask about your lawyer’s experience.
The professionals who help you set up your will and trusts can be useful not only during the creation of these documents, but also later on if you want to make changes. They can be invaluable resources for your executor and loved ones when the time comes. Keep a list of the names, addresses, and phone numbers
You should review your estate plan, including your will and any trusts, on a periodic basis to be sure that your inheritance planning is consistent with your needs and goals. In addition, review your estate plan upon Marriage, separation or divorce Birth or adoption of a child Death of an heir Move t
You’ve gone to the necessary trouble of drawing up your will and perhaps creating a trust. Now you need to make a list of the locations of important papers and make sure that you and at least one other trusted person know where the list is and where the locations are. Include the locations of the following it
Taking the time and attention to write a will and set up a trust — or a couple of trusts — are acts of generosity that your heirs and loved ones will appreciate in their time of grief. To do it right, you need to keep track of the people and papers involved, plan for incapacity, and know what you need from an estate plan, then review your plan regularly and especially after significant life changes.
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Frequently Asked Questions

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