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The Inheritor's Handbook: A Definitive Guide for Beneficiaries (Bloomberg Personal Bookshelf)
The Inheritor's Handbook A Definitive Guide for Beneficiaries - Bloomberg Personal Bookshelf Author:Dan Rottenberg First-rate advice for the 115 million families who will start inheriting $10 trillion this year. The Inheritor's Handbook is a wise and practical guide-remarkable for its jargon-free solutions to sophisticated family-wealth issues and its relentless focus on the beneficiary's point of view, a view absent from most books on estate planning. This ... more »book delivers proven advice from experts and heirs, with real-life examples that dramatize dozens of problems and urgent decisions that accompany inheritances-both large and small. The Inheritor's Handbook is packed with tips on managing an inheritance, philanthropy, privacy, inheritors' support groups, and organizations that help heirs conserve wealth wisely for later generations. It will help anyone with "expectations," modest or exceptional, avoid potential pitfalls such as being unprepared for his or her own incapacity; seeing a lifetime of savings go to the government; or initiating battles that aren't worth winning-financially or emotionally. This is the one book to cover virtually every aspect of inheritance, from the potential impact of taxes to the emotional issues at stake. Includes scenarios and opening lines for approaching parents, siblings, executors, and trustees. How to minimize estate and inheritance taxes with wills, trusts, life insurance, and lesser-known planning devices. How to choose and work with (and, if necessary, challenge and fire) lawyers, therapists, accountants, insurance agents, stockbrokers, financial planners, and investment advisers. Includes: Solutions to "post-mortem estate planning" dilemmas; The rights of heirs, and etiquette on how to assert those rights effectively; How to obtain and assemble vital documents; Strategies for minimizing friction among fellow beneficiaries; Sidebars, checklists, glossary, index, resources. Dan Rottenberg has covered the subject of wealth for 25 years. Formerly executive editor of Philadelphia magazine and Chicago reporter for The Wall Street Journal, he has been an editorial page columnist for the Philadelphia Inquirer since 1978. Rottenberg has written more than 300 articles for such magazines as Town & Country, Reader's Digest, The New York Times Magazine, and Forbes. He is author of five books, including Finding Our Fathers and Revolution on Wall Street.« less