Wintersalen Sale
 
 

Special Offers see all

Enter to WIN a $100 Credit

Subscribe to PowellsBooks.news
for a chance to win.
Privacy Policy

Tour our stores


    Recently Viewed clear list


    Original Essays | November 7, 2014

    Karelia Stetz-Waters: IMG The Hot Sex Tip Cosmo Won't Tell You



    Cosmopolitan Magazine recently released an article titled "28 Mind-Blowing Lesbian Sex Positions." Where was this vital information when I was a... Continue »
    1. $10.47 Sale Trade Paper add to wish list

    spacer

Estate & Trust Administration for Dummies (For Dummies)

Estate & Trust Administration for Dummies (For Dummies) Cover

 

Synopses & Reviews

Publisher Comments:

Easy-to-follow guidance on administering an estate or trust

Administering an estate or a trust is a big responsibility. This practical, authoritative guide contains advice for handling estates and trusts large or small, offering solid advice on reading and interpreting documents, and helping anyone involved in an estate or trust avoid paying too much, or too little, tax and other administrative expenses. It also shows you how to take care of a loved one's estate in the event he or she never created a will or other estate planning documents.

  • Understand and follow the rules — administer estates and trusts to ensure a smooth transfer of property and orderly management of fiduciary affairs

  • Assemble a team — choose the legal and financial experts, and know when to use them

  • Navigate the probate process — move efficiently through each step, whether your decedent had many assets or just a few

  • Identify and liquidate estate assets — whether owned outright, jointly, or in a trust

  • Settle debts and pay bequests — from paying funeral expenses and administration costs to segregating and distributing named property

  • Operate a revocable or irrevocable trust — understand a trustee's duties, responsibilities, and limitations

  • Make sound trust investment decisions — diversify holdings and meet beneficiary needs

  • Comply with income and estate tax regulations — from the decedent's final Form 1040, through the estate's Form 706, and the estate and trust's Form 1041

Open the book and find:

  • An overview of executors' and trustees' duties

  • Reviews of the probate process and estate taxes

  • Tips on finding and managing professional help

  • Advice on notifying insurers of a death

  • Steps for closing an estate

  • Rules for establishing and funding a trust

  • Essentials on estate and trust record keeping

  • Fundamentals of preparing federal estate tax and estate and trust income tax returns

Synopsis:

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 records

Yes, you can do the job and do it well. All you need is a little help from Estate and Trust Administration For Dummies.

Synopsis:

An easy-to-follow guide to executing an estate or trust

Settling an estate and administering a trust can be complicated, messy, and time-consuming for individuals named as executor or trustee--most of whom have no previous experience with such matters. Estate &Trust Administration For Dummies provides all the information the reader needs to confidently and correctly execute the assets, debt, and property according to the deceased's wishes and the law. This practical, authoritative guide contains advice for handling estates and trusts large or small, offering solid advice on reading and interpreting documents and helping one's heirs avoid paying too much (or too little). It also shows readers how to take care of a loved one's estate in the event that a will or trust was never created.

Margaret Atkins Munro, EA (Essex Junction, VT), is a tax advisor and writer with more than 30 years' experience in various areas of taxation and finance. Her practice is concentrated in the areas of trusts, estates, family tax, and small business. She is coauthor of Taxes For Dummies 2008 (978-0-470-17567-5). Kathryn A. Murphy, Esq. (Wayland, MA), is an attorney with over 20 years' experience in estate planning and administration. She has extensive experience in the administration of estates both large and small, trust administration, and the preparation of estate and gift tax returns. Margaret and Kathryn are the only author team on the market consisting of an estate and trust tax professional and an attorney.

About the Author

Margaret Atkins Munro, EA, is a tax advisor, writer, and lecturer with more than 30 years' experience in trusts, estates, family tax, and small business.

Kathryn A. Murphy, Esq., is an attorney with over 20 years' experience administering estates and trusts and preparing estate and gift tax returns.

Table of Contents

Introduction 1

Part I: Discovering the World of Estates and Trusts 7

Chapter 1: Functioning in a Fiduciary World 9

Chapter 2: Estates 101: Exploring the Ins and Outs of Estates 19

Chapter 3: The Lowdown on Trusts: Identifying the Different Types 31

Chapter 4: Assembling Your Team Members and Knowing When to Use Them 55

Part II: Administering an Estate 69

Chapter 5: Taking the First Steps after Death 71

Chapter 6: Navigating the Probate Process 87

Chapter 7: Marshalling and Liquidating Assets 103

Chapter 8: Paying the Debts, Expenses, Bequests, and Devises from the Estate 125

Chapter 9: Closing the Estate 137

Part III: Operating a Revocable or Irrevocable Trust 147

Chapter 10: Understanding the Trustee's Duties 149

Chapter 11: Funding the Trust 159

Chapter 12: Investing the Trust’s Assets and Paying Its Expenses 171

Chapter 13: Paying Trust Benefi ciaries 191

Chapter 14: Creating and Keeping Trust Records 205

Chapter 15: Terminating the Trust 219

Part IV: Paying the Taxes 229

Chapter 16: Preparing the Estate Tax Return, Part 1 231

Chapter 17: Preparing the Estate Tax Return,Part 2 251

Chapter 18: Filing Income Tax Returns for a Decedent, Estate, or Trust 275

Chapter 19: Reporting Tax Info on Schedule K-1 299

Part V: The Part of Tens 309

Chapter 20: Ten Pitfalls for the Unwary 311

Chapter 21: Ten Types of Taxes You May Have to Pay 317

Appendix A: Glossary 323

Appendix B: State-by-State Summary of Rules of Intestacy and Probate, Estate, or Inheritance Tax 333

Index 357

Product Details

ISBN:
9780470286173
Publisher:
For Dummies
Subject:
Estates & Trusts
Author:
Murphy, Kathryn A.
Author:
Munro, Margaret Atkins
Author:
Munro, Margaret A.
Author:
Atkins Munro, Margaret
Subject:
Practical Guides
Subject:
Trust
Subject:
Will
Subject:
Estate administration
Subject:
trust administration
Subject:
how to execute will
Subject:
executor
Subject:
Trustee
Subject:
Lawyer
Subject:
probate
Subject:
intestate
Subject:
Estate tax
Subject:
inheritance tax
Subject:
Power of attorney
Subject:
beneficiary
Subject:
Trusts and trustees -- United States.
Subject:
Inheritance and transfer tax
Subject:
Law-Wills and Trusts
Subject:
Finance & Investments Special Topics
Subject:
estate, trust, will, estate administration, trust administration, how to execute will, executor, trustee, lawyer, probate, intestate, estate tax, inheritance tax, power of attorney, beneficiary
Subject:
estate, trust, will, estate administration, trust administration, how to execute will, executor, trustee, lawyer, probate, intestate, estate tax, inheritance tax, power of attorney,
Subject:
Finance & Investments Special To
Subject:
Pics
Subject:
estate, trust, will, estate administration, trust administration, how
Subject:
to execute will, executor, trustee, lawyer, probate, intestate, estate tax, inheritance tax, power of attorney, beneficiary
Copyright:
Edition Description:
WebSite Associated w/Book
Series:
For Dummies
Publication Date:
December 2008
Binding:
Online electronic file accessible through online networks
Grade Level:
General/trade
Language:
English
Illustrations:
Y
Pages:
384
Dimensions:
234 x 185.5 x 22 mm 20 oz

Related Subjects

Arts and Entertainment » Architecture » Drafting
Arts and Entertainment » Architecture » Drawing and Design
Business » Real Estate
History and Social Science » Law » Legal Guides and Reference
History and Social Science » Law » Wills and Trusts
Reference » Science Reference » Technology
Science and Mathematics » Mathematics » Probability and Statistics » General
Science and Mathematics » Mathematics » Probability and Statistics » Statistics

Estate & Trust Administration for Dummies (For Dummies)
0 stars - 0 reviews
$ In Stock
Product details 384 pages For Dummies - English 9780470286173 Reviews:
"Synopsis" by , 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 records

Yes, you can do the job and do it well. All you need is a little help from Estate and Trust Administration For Dummies.

"Synopsis" by , An easy-to-follow guide to executing an estate or trust

Settling an estate and administering a trust can be complicated, messy, and time-consuming for individuals named as executor or trustee--most of whom have no previous experience with such matters. Estate &Trust Administration For Dummies provides all the information the reader needs to confidently and correctly execute the assets, debt, and property according to the deceased's wishes and the law. This practical, authoritative guide contains advice for handling estates and trusts large or small, offering solid advice on reading and interpreting documents and helping one's heirs avoid paying too much (or too little). It also shows readers how to take care of a loved one's estate in the event that a will or trust was never created.

Margaret Atkins Munro, EA (Essex Junction, VT), is a tax advisor and writer with more than 30 years' experience in various areas of taxation and finance. Her practice is concentrated in the areas of trusts, estates, family tax, and small business. She is coauthor of Taxes For Dummies 2008 (978-0-470-17567-5). Kathryn A. Murphy, Esq. (Wayland, MA), is an attorney with over 20 years' experience in estate planning and administration. She has extensive experience in the administration of estates both large and small, trust administration, and the preparation of estate and gift tax returns. Margaret and Kathryn are the only author team on the market consisting of an estate and trust tax professional and an attorney.

spacer
spacer
  • back to top

FOLLOW US ON...

     
Powell's City of Books is an independent bookstore in Portland, Oregon, that fills a whole city block with more than a million new, used, and out of print books. Shop those shelves — plus literally millions more books, DVDs, and gifts — here at Powells.com.