Estate & Trust Administration For Dummies?

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Format: eBook
Pub. Date: 2009-04-01
Publisher(s): For Dummies
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Summary

Executing an estate or a trust fund is a big responsibility. Estate & Trust Administration For Dummies contains advice for handling estates and trusts of any size. It offers solid pointers on reading and interpreting a will and other documents, and helping heirs avoid paying too much (or too little). It also shows you how to take care of a loved one's estate in the event that a will or trust was never created.This authoritative, plain-English guide helps you understand and follow the rules that govern estates and trusts, ensure a smooth transfer of property, and manage fiduciary affairs in an orderly manner. You'll get help choosing and assembling a team of professional advisors, settling debts and paying bequests, operating a revocable or irrevocable trust, and making sound trust investment decisions. Discover how to: Understand executors' and trustees' duties Read and interpret important documents Properly execute an estate or trust Handle estates both large and small Get familiar with the probate process and estate taxes Identify different types of trusts Follow the deceased's wishes - and the law Notify insurers and employers of a death Follow the steps for closing an estate Establish, fund, and change ownership of a trust Keep proper trust recordsYes, you can do the job and do it well. All you need is a little help from Estate and Trust Administration For Dummies.

Table of Contents

Introduction
Discovering the World of Estates and Trusts
Functioning in a Fiduciary World
Estates 101: Exploring the Ins and Outs of Estates
The Lowdown on Trusts: Identifying the Different Types
Assembling Your Team Members and Knowing When to Use Them
Administering an Estate
Taking the First Steps after Death
Navigating the Probate Process
Marshalling and Liquidating Assets
Paying the Debts, Expenses, Bequests, and Devises from the Estate
Closing the Estate
Operating a Revocable or Irrevocable Trust
Understanding the Trustee's Duties
Funding the Trust
Investing the Trust's Assets and Paying Its Expenses
Paying Trust Benefi ciaries
Creating and Keeping Trust Records
Terminating the Trust
Paying the Taxes
Preparing the Estate Tax Return, Part 1
Preparing the Estate Tax Return, Part 2
Filing Income Tax Returns for a Decedent, Estate, or Trust
Reporting Tax Info on Schedule K-1
The Part of Tens
Ten Pitfalls for the Unwary
Ten Types of Taxes You May Have to Pay
Glossary
State-by-State Summary of Probate, Estate, or Inheritance Tax, and Rules of Intestacy
Index
Table of Contents provided by Publisher. All Rights Reserved.

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