{"product_id":"j-k-lassers-new-rules-for-estate-retirement-and-tax-planning-isbn-9781119559139","title":"J.K. Lasser's New Rules for Estate, Retirement, and Tax Planning","description":"\u003cp\u003e\u003cb\u003eThe popular handbook to estate planning, now updated for 2018\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSince its first publication in 2002, \u003ci\u003eNew Rules for Estate, Retirement, and Tax Planning\u003c\/i\u003e has sold more than 40,000 copies, providing a solid, accessible introduction to estate planning for any age or income bracket. Now in its sixth edition, \u003ci\u003eEstate, Retirement, and Tax Planning\u003c\/i\u003e continues this tradition, covering such topics as trusts, donations, life insurance, and wills in easy-to-understand language that offers valuable insights and solid strategies to help you preserve your wealth and plan your estate so that your assets go where you want with a minimum of taxes and government interference. This comprehensive guide answers such common questions as: How much do I need to retire comfortably? How do I protect my children’s inheritance? How do I ensure planned donations are made after I’m gone? And many more.\u003c\/p\u003e \u003cp\u003eThe Sixth Edition is also fully updated to reflect changes following the 2018 Tax Cuts and Jobs Act, so that you can learn how new regulations could impact your inheritance and trusts. Other notable features include advice on working with elderly parents and introducing financial planning to children and teenagers, in addition to a list of professional advisers and a glossary of estate planning terms.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand estate planning and obtain solid strategies for growing your wealth\u003c\/li\u003e \u003cli\u003eExplore asset protection and succession planning strategies\u003c\/li\u003e \u003cli\u003eDiscover how recent updates to the tax code could affect you and your heirs\u003c\/li\u003e \u003cli\u003eStay informed of any relevant law changes with an author-managed web site\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eEstate, Retirement, and Tax Planning \u003c\/i\u003econtains a wealth of valuable information for any adult who needs help planning their financial future, from the established professional heading toward retirement, to the young adult looking to understand the basics. Wherever you are in your journey, use \u003ci\u003eEstate, Retirement, and Tax Planning\u003c\/i\u003e to ensure your legacy is protected.\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eIntroduction xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Tax Cuts and Jobs Act of 2017 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOrdinary Income Tax Rates 2\u003c\/p\u003e \u003cp\u003eCapital Gains Tax Rates and Qualified Dividends 2\u003c\/p\u003e \u003cp\u003eEducational Provisions 2\u003c\/p\u003e \u003cp\u003eBusiness and Corporate Tax Relief 5\u003c\/p\u003e \u003cp\u003eEstate, Gift, and Generation-Skipping Transfers 6\u003c\/p\u003e \u003cp\u003eDangers of Relying on Portability 9\u003c\/p\u003e \u003cp\u003eLimitations on Deductions 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Estate Planning 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Estate Planning? 15\u003c\/p\u003e \u003cp\u003eThe Benefits of Estate Planning 16\u003c\/p\u003e \u003cp\u003eThe Nightmares of Poor Planning 18\u003c\/p\u003e \u003cp\u003eThe Myths of Estate Planning 19\u003c\/p\u003e \u003cp\u003eGuidelines for Successful Estate Planning 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 The Estate Tax System 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDetermining Your Estate Net Worth 23\u003c\/p\u003e \u003cp\u003eYour Estate Tax Picture 29\u003c\/p\u003e \u003cp\u003eYour Future Estate 33\u003c\/p\u003e \u003cp\u003eOverview of Estate-Planning Strategies 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Investment Strategies for Maximizing Estate Growth 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGrowth Strategy with a Safety Net® 38\u003c\/p\u003e \u003cp\u003ePrioritizing Your Investment Dollars 43\u003c\/p\u003e \u003cp\u003eRetirement Planning: Choosing the Best Investment\u003c\/p\u003e \u003cp\u003eEnvironments 43\u003c\/p\u003e \u003cp\u003eRoth Conversions 46\u003c\/p\u003e \u003cp\u003eSome Final Thoughts on Investing 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Retirement Planning: Living Your Dream 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYour Retirement Requirements 56\u003c\/p\u003e \u003cp\u003eBest Retirement Strategies 61\u003c\/p\u003e \u003cp\u003eReverse Mortgages 67\u003c\/p\u003e \u003cp\u003eSocial Security Strategies 70\u003c\/p\u003e \u003cp\u003eCustomizing Your Health Care Plan 75\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 You Don’t Have a Will? Big Trouble! 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProperty Transfers at Death 80\u003c\/p\u003e \u003cp\u003eTransfers via Probate 81\u003c\/p\u003e \u003cp\u003eDirect Transfers by Title 84\u003c\/p\u003e \u003cp\u003eOther Methods of Property Ownership 88\u003c\/p\u003e \u003cp\u003eChoosing the Best Methods of Ownership 90\u003c\/p\u003e \u003cp\u003eSetting Estate-Planning Goals 91\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Where There’s a Will, There’s Your Way! 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Will? 93\u003c\/p\u003e \u003cp\u003eTypes of Wills 93\u003c\/p\u003e \u003cp\u003eAdvantages and Disadvantages of Wills 95\u003c\/p\u003e \u003cp\u003eIntelligent Decisions Concerning Your Will’s Basic Provisions 97\u003c\/p\u003e \u003cp\u003eExecuting Your Will 110\u003c\/p\u003e \u003cp\u003eWhere to Store Your Will 111\u003c\/p\u003e \u003cp\u003eOther Important Documents 111\u003c\/p\u003e \u003cp\u003eWorking with Your Attorney 115\u003c\/p\u003e \u003cp\u003eWhen to Review Your Estate Plan 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Using Trusts in Your Estate Plan 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Credit Shelter Trust Will 126\u003c\/p\u003e \u003cp\u003eDisclaimers 131\u003c\/p\u003e \u003cp\u003eMarital Trusts 132\u003c\/p\u003e \u003cp\u003eSpendthrift Trust 136\u003c\/p\u003e \u003cp\u003eStandby Trust 137\u003c\/p\u003e \u003cp\u003eOther Trusts 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Understanding the Living Trust 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAdvantages of Living Trusts 139\u003c\/p\u003e \u003cp\u003eDisadvantages of Living Trusts 141\u003c\/p\u003e \u003cp\u003eHow a Living Trust Operates 142\u003c\/p\u003e \u003cp\u003eTransferring Property into Your Living Trust 145\u003c\/p\u003e \u003cp\u003eTypes of Property Likely to Be Transferred 148\u003c\/p\u003e \u003cp\u003eLiving Trust Myths 150\u003c\/p\u003e \u003cp\u003eTransacting Business with Your Trust 152\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Using Insurance in Your Estate Plan 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLife Insurance 153\u003c\/p\u003e \u003cp\u003eUsing Life Insurance to Replace Income 156\u003c\/p\u003e \u003cp\u003eHow Much Life Insurance Do You Need? 157\u003c\/p\u003e \u003cp\u003eWhat Type of Life Insurance Is Best for You? 160\u003c\/p\u003e \u003cp\u003eInsurance on a Homemaker 161\u003c\/p\u003e \u003cp\u003eInsurance on Adult Children 161\u003c\/p\u003e \u003cp\u003eHow to Get the Best Deal on Term Life Insurance 161\u003c\/p\u003e \u003cp\u003eWhat Type of Life Insurance Is Best for Estate Liquidity? 164\u003c\/p\u003e \u003cp\u003eThe Irrevocable Life Insurance Trust 166\u003c\/p\u003e \u003cp\u003eGetting Your Life Insurance into Your Trust 167\u003c\/p\u003e \u003cp\u003eUsing Life Insurance to Leverage Your Estate 170\u003c\/p\u003e \u003cp\u003eAbout Your Cash Values 173\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Smart Strategies for Gifting Assets to Family Members 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Annual Gift Tax Exclusion 179\u003c\/p\u003e \u003cp\u003eUnintended Gifts 181\u003c\/p\u003e \u003cp\u003eFiling a Gift Tax Return 182\u003c\/p\u003e \u003cp\u003eThe Lifetime Applicable Exclusion Amount 182\u003c\/p\u003e \u003cp\u003eOutright Gifts 183\u003c\/p\u003e \u003cp\u003eWhen the Donee Is a Minor 185\u003c\/p\u003e \u003cp\u003eOther Tax-Free Gifts 194\u003c\/p\u003e \u003cp\u003eFamily Gifts Utilizing Trusts 195\u003c\/p\u003e \u003cp\u003eGrantor Retained Annuity Trust 195\u003c\/p\u003e \u003cp\u003eGrantor Retained Unitrust 197\u003c\/p\u003e \u003cp\u003eQualified Personal Residence Trust 197\u003c\/p\u003e \u003cp\u003eTaking Advantage of Generation-Skipping Transfers 201\u003c\/p\u003e \u003cp\u003eSales to Family Members 204\u003c\/p\u003e \u003cp\u003eLoans to Family Members 207\u003c\/p\u003e \u003cp\u003eSales to Intentionally Defective Grantor Trusts 208\u003c\/p\u003e \u003cp\u003eThe Legacy Trust 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Strategic Planning with Charities 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOutright Gifts to Charities 220\u003c\/p\u003e \u003cp\u003eTestamentary Gifts to Charities 223\u003c\/p\u003e \u003cp\u003eGifts Using Charitable Trusts 223\u003c\/p\u003e \u003cp\u003eUsing Your Charitable Trust for Retirement Planning 227\u003c\/p\u003e \u003cp\u003eThe Private Foundation 230\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Family Limited Partnerships 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGeneral Structure of the Family Limited Partnership 235\u003c\/p\u003e \u003cp\u003eFamily Limited Partnership Rules 240\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Succession Planning for the Family Business or Farm 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSpecial Estate Tax Benefits for Farmers and Closely Held Business\u003c\/p\u003e \u003cp\u003eOwners 251\u003c\/p\u003e \u003cp\u003eValuing Your Business or Farm 253\u003c\/p\u003e \u003cp\u003eSuccession or Sale? 253\u003c\/p\u003e \u003cp\u003eSuccession Planning: Keeping the Family Business in the Family 254\u003c\/p\u003e \u003cp\u003eMaximizing Your Business’s Value through a Sale 255\u003c\/p\u003e \u003cp\u003eStructuring Your Buy-Sell Agreement 256\u003c\/p\u003e \u003cp\u003eTypes of Buy-Sell Agreements 257\u003c\/p\u003e \u003cp\u003eFunding the Buy-Sell Agreement 258\u003c\/p\u003e \u003cp\u003eOne Final Strategy—The Employee Stock Ownership Plan 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Asset Protection Strategies 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Concept of Fraudulent Transfers 263\u003c\/p\u003e \u003cp\u003eA Word about Jointly Held Property 267\u003c\/p\u003e \u003cp\u003eRetirement Plans 267\u003c\/p\u003e \u003cp\u003eLife Insurance 269\u003c\/p\u003e \u003cp\u003eUsing Trusts to Protect Assets 270\u003c\/p\u003e \u003cp\u003eUsing Limited Liability Entities to Protect Assets 271\u003c\/p\u003e \u003cp\u003eUse of Multiple Limited Liability Entities 274\u003c\/p\u003e \u003cp\u003eForeign Asset Protection Trusts 275\u003c\/p\u003e \u003cp\u003eDomestic Asset Protection Trusts 277\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Personal Business Planning Issues 281\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChoosing the Right Entity for Your Business 281\u003c\/p\u003e \u003cp\u003eClosing Thoughts 293\u003c\/p\u003e \u003cp\u003eImportance of a Business Plan 295\u003c\/p\u003e \u003cp\u003eEpilogue—Dealing with Parents and Their Money 297\u003c\/p\u003e \u003cp\u003eAppendix A—Professional Advisers 299\u003c\/p\u003e \u003cp\u003eAppendix B—Estate Planning Terms 303\u003c\/p\u003e \u003cp\u003eAppendix C—IRS Life Expectancy Table 309\u003c\/p\u003e \u003cp\u003eAbout the Authors 313\u003c\/p\u003e \u003cp\u003eIndex 315\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eSTEWART H. WELCH, III,  AEP\u003csup\u003e®\u003c\/sup\u003e, CFP\u003csup\u003e®\u003c\/sup\u003e,\u003c\/b\u003e is a nationally recognized, fee-only financial advisor. The author of six books, he is founder of The Welch Group, which manages in excess of $1 billion for a nationwide clientele. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJ. WINSTON BUSBY, ESQ, LLM,\u003c\/b\u003e counsels clients on tax and estate planning. He is co-author of the\u003ci\u003e New Rules for Estate, Retirement, and Tax Planning, Fifth Edition,\u003c\/i\u003e and writes regularly on income and transfer tax planning.\t   \u003c\/p\u003e\u003cp\u003eBUSINESS \u0026amp; ECONOMICS\/PERSONAL FINANCE\/TAXATION\t\t \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe updated bestseller on growing and protecting your wealth\u003c\/b\u003e\t \u003c\/p\u003e\u003cp\u003eYou've worked hard your entire life and you've managed to accumulate assets. Don't let them go to taxes instead of the people and charities you love. This book helps you sidestep the minefield of confusion, assumptions, and misunderstanding to plan your financial future the way you want it, regardless of age or income level. You'll find up-to-the-minute facts, valuable insight, and solid strategies to help you preserve your wealth and plan your estate under current tax rules with information on retirement planning, trusts, charitable contributions, gifts, and wills. \u003c\/p\u003e\u003cp\u003eThis fully revised and updated sixth edition of \u003ci\u003eNew Rules for Estate, Retirement, and Tax Planning\u003c\/i\u003e fully exposes how to keep your financial goals on track within The Tax Cuts and Jobs Act of 2017. Preserve your wealth and ensure your estate is managed to your wishes with the least possible taxes and government interference by: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eGaining a foundation in how the latest tax reform law impacts your inheritance and trusts\u003c\/li\u003e \u003cli\u003eImplement time-proven strategies for growing and managing wealth\u003c\/li\u003e \u003cli\u003eAvoid the most common pitfalls of retirement planning, creating wills and trusts, philanthropic donations, and much more\u003c\/li\u003e\t \u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989485404389,"sku":"NP9781119559139","price":28.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119559139.jpg?v=1761784290","url":"https:\/\/k12savings.com\/products\/j-k-lassers-new-rules-for-estate-retirement-and-tax-planning-isbn-9781119559139","provider":"K12savings","version":"1.0","type":"link"}