Few people want to think about death and fewer still know how to properly plan for it. As a result many people pass away, leaving their families to deal with confusing financial concerns. "The Handbook to Wills, Funerals, and Probate, Third Edition" simplifies this topic - clearly and concisely explaining wills and how they function, probate and death taxes, making funeral arrangements, and settling and closing an estate. With laws constantly changing, this important guide - a thoroughly updated and revised edition of "A Family Guide to Wills, Funerals, and Probate" - covers the latest rules and procedures. Updates include the Economic Growth and Tax Relief Reconciliation Act of 2001, which revised federal gift and estate tax law, and all state law tables, and new chapters have been added to cover vital issues in more detail. This volume is essential for anyone facing tough decisions following the death of a loved one.
Updated coverage includes: Executor's fees and liabilities; 401(k) and other retirement accounts; Finding solutions for special situations; Gifts; Joint ownership; Life insurance; Long-term care insurance and Medicaid; New funeral and burial regulations; Preparing for incapacity; Transfer of family businesses; Transfer-on-death registrations and deeds; and Trusts.