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Executor's Guide, The: Settling a Loved One's Estate or Trust
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Review
"Mary Randolph, an editor at Nolo, a publisher of do-it-yourself legal guides and author of The Executor's Guide, says it is a good idea to get a lawyer to help unwind a trust, especially if it will hold a significant amount of money. Trust owners can take some steps on their own--for example, going to a bank to change ownership of a trust-owned bank account back into their names as individuals. But if the trust holds a business or another asset, that could be more complicated. "If you've got some money to spend on attorney fees--and most people who have created AB trusts do--it can save you a lot of trouble later, Ms. Randolph says."Wall Street Journal "Covers the gamut of estate chores and helps you get through them."Kiplinger's Retirement Report "Explains how to find state-specific information, and an appendix sorts legalities by state."Miami Herald "Provides a guide for executors and trustees, describing legal procedures and terminology, what to expect, decisions that will need to be made, and questions to ask."Reference & Research Book News "The Executor's Guide [is] a super-detailed, step-by-step book that's a must-read."Beth Fenner, CNN "More Money" blog "The Executor's Guide leads readers through the process of what they must do if they are named as executor. In a nutshell, they must gather the deceased person's assets, pay debts and taxes, and distribute what's left. This book helps them know what to expect, what decisions they will need to make, when to get help, and what questions to ask. One very important part of the job is dealing with family members. They'll want to know what's happening, which means they may have to field a lot of anxious questions. Why is it taking so long to distribute the assets? Shouldn't you sell Dad's stock (or car or house) before its value drops? Why can't I take the rocking chair Mother always told me she wanted me to have? What are you going to do about Mom's sister, who's taking things from the house? ---Savannah Jones, SirReadaLot.org
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Book Description
Millions of baby boomers are currently (or will soon be) serving as executors, and this book shows exactly what to do NOW to make the job manageable.
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Product details
Series: Executor's Guide
Paperback: 520 pages
Publisher: NOLO; Eighth edition (February 28, 2018)
Language: English
ISBN-10: 1413324800
ISBN-13: 978-1413324808
Product Dimensions:
7 x 1.5 x 9 inches
Shipping Weight: 1.8 pounds (View shipping rates and policies)
Average Customer Review:
4.6 out of 5 stars
294 customer reviews
Amazon Best Sellers Rank:
#17,987 in Books (See Top 100 in Books)
Anyone facing losing a loved one and having to deal with settling an estate or trust should buy this book. I recommend getting a copy before you are faced with a loss that way you will clearly know what steps to follow before you are in the overwhelming emotional pain a death can bring. It is a very comprehensive guide covering every angle of this daunting task. This is a simply written and easy to understand. I highly recommend it.
Sadly I had to read this on my way down to a spare of the moment time. I was an executor and I had to know more about what the job meant and this book did a good job on informing me. Though I wish you had put "Probate" closer to the start of this book as I was confused on the many times you spoke about it during the book. I ended up reading it in way later chapters.This covers many things I had to deal with and was(is) a great source of information. Something every one should read before any issues arise in ones life, as it will help you to prepare the job before some one passes away. The book gives you knowledge in a lot of areas that would help you prevent headaches after loss. Such as ways to avoid "Probate". I do wish I had read this before hand. But it worked just as well after hand as well.Thank you for the book and your knowledge towards the subject.
Have only read excerpts from this book so far,but it has already helped me immensely. I felt lost and overwhelmed by the task of being Executor, but the book reduced it to human scale and laid a series of small, achievable tasks, Right off the bat, learned that the Estate was considered "small" and therefore qualified for a simplified probate process. That alone justified the purchase price!
My father in law died recently with a rather small and relatively uncomplicated Will, so my husband, who was named as the Executor, decided to try and Probate the Will without the use of a lawyer. That meant I would be the one handling all the work. I was a little worried, so I bought this book and read it before I agreed to undertake the task. (A really nice Amazon feature was that I was able to buy an add-on copy of the book in Kindle form for only an additional $2.99 so I was able to start reading it immediately.) The book was fabulous and gave me all the tools, and, therefore, the confidence to act on my own. I learned so much about the process of Estate Probating that I believe anyone with a few organizational skills (and a great deal of time and patience) can Probate a simple Will without a lawyer. Of course, I must warn you that this Estate had no outstanding debts, no real estate and only some IRA's, some cash accounts and a checking account. Moreover, I am not sure I will be able to do the Estate taxes or the final Income Tax when the time comes for that. so, I may need to hire a Tax Accountant for that part, although I have done my own taxes for over 40 years using paper and pencil, then Turbo Tax when that was invented. In sum, this is a great book.
My dad.s estate attorney quite honestly was nice, but not very helpful. I'm almost finished with my dads estate-it has been over a year since he passed. Due to family circumstances I was required to change from an agreed to supervised estate to unsupervised estate. If it wasn't for this book, I would not have known what needed to go to probate and what could be excluded. I made the personal inventory list as requested by the attorney-her fee is based on size of the estate. After I read the book, I realized that a good chunk of funds should not be included on the list based on how my dad set up a few accounts. I mentioned it to the attorney and we took it off the list going to be filed in court. I was a little annoyed about that and made sure I read ALL of the chapters that applied to us. Also explains tax forms that need to be filed for estate and deceased family member. I'm very lucky I knew where most of my dads paperwork was for items and passwords after he died. Even though I hope to live a long time, I'm going to get the NOLO book on organizing your affairs for my executor.
I found this book to be a great guide when dealing with the death of a loved one. and their estate. Most people don't know or even have an idea what is involved in handling and settling an estate. (I admit I didn't.) Even though I had an attorney to handle most aspects, this book provides insight written in terms that I could understand that I'm able to assist my attorney and understand the "why, how, where, what, etc" of what she is doing. It helps me understand why things took so long and what you can and can't do right away. I brought three books which were recommended and found that this book was the most helpful.I also found this book useful to put my affairs in order to help my executor with my estate so he doesn't run into some of the same problems I am running into.I would recommend this book to someone who is handling all aspects of an estate, some aspects of an estate or preplanning an estate.
A very essential book. Well written and it has appendices to provide some state specific information. The book does not replace a lawyer BUT, you will save many times over the purchase price if you read it before you visit the attorney. You will know the questions you want to ask and you will be well informed about the process. Most important, you will know your rights and obligations. This is really important if the "dearly departed" decided to make you a co-executor or if everybody does not always "play nicely together". The best advice in the book is probably that you have a right to "not play"; the author explains the various roles and duties. Buy it and read it BEFORE you need it.
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