Book Description
Thoroughly revised and updated to reflect the latest tax codes, the third edition of How to Settle an Estate is the essential step-by-step guide to lead readers through the complex and daunting process of settling an estate. In clear and practical lay terms, authors Charles K. Plotnick, L.L.B., and Stephan R. Leimberg, J.D., both experts in estate planning, provide readers with invaluable advice, including:
* How to raise cash for immediate estate expenses
* Dealing with insurance claims
* Knowing when to hire a lawyer, an accountant, and a stock broker
* Managing real estate
* Distributing assets
And much more...
Customer Reviews:
I'm glad I bought this book!.......2000-09-13
I will probably be asked in the next few years to be an executor, but, as is mentioned in this book's introduction, "You know generally that an executor is someone who handles the affairs of a deceased person, but you have no idea how to get the job done." After reading this book, you know that the first thing to do after the funeral is to hire an estate attorney to tell you what must be done. The book also mentions that it might be possible to totally avoid probate, which could greatly simplify things and save money. This book stresses that there is no need to try to be a do-it-yourself executor. You're definitely going to consult with a lawyer to see what the current estate laws are in your area, and you might need to also hire other professionals, but these people should all remain hired hands; the executor must stay in command. I didn't expect this book to give the estate-law quirks for all fifty states; you might find that some of what it says doesn't apply in your state. It's still a very good introduction to being an executor, and it let me know that an executor doesn't have to be totally helpless in legal land. That in itself is worth the book's cost!
One Of The Best.......2000-05-19
I have read six different books concerning wills, probate, and trusts in the past few months. Of the books that I have read, this is clearly the best. All of the standard stuff is here - except the constant reminders by the authors to hire an attorney. Unlike nearly all the other books, the authors do not talk-down to readers. The language was never too simple-minded and only in a few cases did I have to read a paragraph again to determine its meaning. The authors give hints and insights which I did not find in the other books. And the book contains the best explanation I have read concerning why trying to determine and report the lowest possible value of estate assets is not always the best idea. I do not plan to die for several years. If I could give to my future executor only one book, this would be it. I miss only estate/probate information about each state. Therefore, I am still confused about the interrelationship between state estate reporting and taxes and federal ones. Essentially, everything depends on the value of the taxable estate. If 20% of the readers of this book do so in anticipation of a death, my bet is that only 1% of those will have a taxable estate over $1 million. And those people not having a million-dollar estate (after 2006) will not need to pay federal estate taxes - thereby eliminating the need for most of the book. First-time executors reading the book because of immediate need and suspecting a taxable estate value more than $675,000 will be able to afford to hire a lawyer to do the (subjectively) most difficult parts of the job.
Good, But!.......2000-04-12
As an overview, it's difficult to imagine a better introduction to the labyrinthine ways of settling an estate. But as to details and particulars, it's woefully inadequate. The checklist at the end of the book is helpful. The thesis, viz., KEEP RECORDS, is important. But it's examples and suggestions on how to do certain, e.g., tangible acts, like dealing with creditors, secured versus unsecured claims, goes unmentioned. despite its enormous importance. There's only two sample letters, and they're not altogether novel or esoteric. Again, a good overview, just very short on particular issues, examples, and samples.
Tells you what you need to know.......1999-09-02
This book tells you nearly everything you need to know as an executor of an estate. It has lots of detailed information and practical advice. It is far superior (and cheaper, too!) than its competitor, ``Where There's a Will'' by Bauers. The information density is very high and the explanations are clear. Note particularly the detailed advice and description of a central task, filling out the Form 706 estate tax return (though the authors do suggest you also talk to a tax attorney).
There was only one question I wish the authors had answered: how to handle the affairs of the estate between the time of death and the time one has the letters testamentary that authorize you to act as executor. In that period, it seems, you have little or no legal authority to do anything even though there is much to be done.
I'm buying it for my clients!.......1998-09-29
The best basic "how-to" guide I've seen for executors and administrators. Not "do-it-yourself" tear-out forms, just good, practical, up-to-date (in '98) advice. I'm sending complimentary copies to my executor and trustee clients (via Amazon.com, natch!)
Book Description
Administering an estate or trust can be a daunting responsibility. When you serve as an executor (personal representative) or trustee, you are accountable for the financial decisions that you make during the course of administration. Executor & Trustee Survival Guide will assist you in making these decisions and help you properly manage the estate or trust that is in your care. This book will provide you with information on how to: - Limit your liability - Meet legal deadlines - Manage the property - Maintain proper accounting records - Comply with reporting requirements - Handle discretionary distributions - Decide when to hire an attorney, accountant or other professional
Customer Reviews:
Buy it again.......2007-02-14
This book is very helpful and gave a lot of information we needed. We would buy it again.
Need executorship skills FAST? This is THE book!.......2001-09-26
If you are like me and find that any discussions of a financial or legal nature make you feel stupid or scared, then this book will put you at ease immediately. At a time when grief interferes with comprehension and yet when you MUST be able to perform the duties of executorship capably, this is THE book to help you. It takes you step by step calmly in plain language. All duties which an executor has to be familiar with are covered comprehensively yet in a manner that is down to earth. All legal terms that are not fully explained in the text of the book are explained in even more detail in the excellent glossary at the back of the book. Without being facetious, The book could also be called" Executorship for Dummies." It is THAT easy to follow and use.
Product Description
Taxpayers die, but liability for their unpaid taxes remains. Someone must compute tax liability for the deceased taxpayer, file the decedent's final income tax return, and pay the taxes (or claim refunds) due. At the death of the decedent, a separate taxable entity--the decedent's estate--is created. The estate is liable for the tax on the income received during the period of its administration. In addition, trusts created by the decedent's will are taxed as separate entities. CCH's Federal Income Taxes of Decedents, Estates and Trusts (22nd Edition) provides concise, plain-English coverage of these issues and more. It presents the fundamental rules for preparing a decedent's final income tax return and highlights the income tax rules for the decedent's estate and related trusts. Also covered are the special rules regarding the taxation of grantor trusts and bankruptcy estates. Fiduciary duties, including liability for filing a return and paying any taxes due on behalf of the estate or trust, are also thoroughly discussed. Examples illustrating these rules are provided throughout. Among the subjects covered in this quick answer reference are:
- Decedent's last return
- Death of a partnership member
- Decedent's stock holdings
- Income tax return of estate or trust
- Grantor trusts
- Beneficiary's tax liability
- Bankruptcy estates
- Fiduciary duties and liabilities Latest changes to the Internal Revenue Code, as well as new regulations, rulings and cases, are reflected throughout the text through date of publication.
Customer Reviews:
All I Needed to Know about Death and Taxes.......2007-03-02
I make some spare change preparing taxes but found myself perplexed with the IRS codes when asked to prepare the final return and then estate returns for a client whose father had passed away. The IRS publication on the subject was quite vague and sent me searching for a reference book that was neither a simplistic discussion aimed at helping the elderly understand their estate lawyer or an 800-page accounting tome for passing the CPA. This book is not a step by step manual but is well written and easy to understand for someone fairly well acquainted with tax preparation.
Simple Answers for Complex Questions.......2006-09-14
This book, published by CCH, was used as a textbook for a college tax course. This book covers Federal Income Taxes of trusts, estates, etc. and does not provide any information on Federal Estate and gift taxes. Anyone studying financial planning, taxation, accounting, and any other related field should take a course covering trusts and estates, or should buy this book to obtain a thorough yet understandable overview of the income taxes on trusts and estates. There are only two things certain in life: death and taxes.
Average customer rating:
- Artists treat your work thoughtfully - it will outlive you - make a plan for it.
- An "art history" course of the late 20th century
- Keeping the Faith!
- Excellent glimpse inside the post-humous struggles over artists' legacies
|
Artists' Estates: Reputations In Trust
Manufacturer: Rutgers University Press
ProductGroup: Book
Binding: Hardcover
 History
| Subjects
| Books
| Africa
| Americas
| Ancient
| Arctic & Antarctica
| Asia
| Australia & Oceania
| Books on CD
| Books on Cassette
| Europe
| Gay & Lesbian
| Historical Study
| Large Print
| Middle East
| Military
| Military Science
| Russia
| United States
| World
General
| History & Criticism
| Arts & Photography
| Subjects
| Books
Schools, Periods & Styles
| Arts & Photography
| Subjects
| Books
| Abstract Expressionism
| Ancient & Classical
| Art Deco
| Art Nouveau
| Baroque
| Byzantine
| Constructivism
| Contemporary Art
| Cubism
| Dadaism
| Expressionism
| Fauvism
| Folk Art
| Futurism
| German Expressionism
| Gothic
| Impressionism
| Mannerism
| Medieval
| Modern
| Neoclassical
| Pop
| Post-Impressionism
| Pre-Raphaelite
| Prehistoric & Primitive
| Realism
| Renaissance
| Rococo
| Romanesque
| Romantic
| Surrealism
General
| Artists, A-Z
| Arts & Photography
| Subjects
| Books
General
| Arts & Photography
| Subjects
| Books
Property
| Business
| Law
| Subjects
| Books
Look Inside Art Books
| Trip
| Specialty Stores
| Books
Look Inside History Books
| Trip
| Specialty Stores
| Books
Look Inside Nonfiction Books
| Trip
| Specialty Stores
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Similar Items:
-
My Love Affair with Modern Art: Behind the Scenes with a Legendary Curator
-
The Girl With the Gallery: Edith Gregor Halpert And the Making of the Modern Art Market
-
New Art City
-
A Visual Artists' Guide to Estate Planning
-
American Women Modernists: The Legacy of Robert Henri, 1910-1945
ASIN: 0813536049 |
Book Description
"This is an engrossing and valuable work for collectors, scholars, and artists, which surveys the lives of important twentieth-century American artists and the management of their accumulated works by widows, families, and dealers. It opens a window into problems of taxes, wills and trusts, the inheritors' role in conservations, succession and interpretation, and the responsibility for preservation of our visual heritage."—Gerald Nordland, author of Richard Diebenkorn and former director of the San Francisco Museum of Modern Art and the Milwaukee Art Museum
"A completely new approach—finally we hear from those who look after the paintings and sculptures after the artist dies. Wonderfully eloquent and personal, this book is important, valuable, and totally engrossing."—Flora Biddle, author of The Whitney Women and the Museum They Made and former president and chairman of the Whitney Museum of American Art
"Anyone interested in the art world and the protection of lasting values (in all senses) will be fascinated by this compilation of interviews, each of which is accompanied by a lively selection of photographs of the artist, the studio, and the heir or administrator. All sides of estate legacies issue surface here: studio situations, painting methods, tax issues, personal relations—you feel you know all the artists, freshly."—Mary Ann Caws, Distinguished Professor of English, French, and Comparative Literature, Graduate Center, CUNY
Artists' Estates offers a fascinating journey into the complex and competitive art world through the distinctive lens of those who deal with the paintings, prints, and sculpture that artists leave behind after their deaths. Bringing together interviews conducted by Magda Salvesen, the widow of the second-generation Abstract Expressionist painter Jon Schueler, this unique book provides a window into the goals and desires, the conflicts and frustrations, and the emotional and financial strains that confront widows, companions, sons, and daughters as the heirs to artists' estates. The judiciously arranged and edited interviews also address the benefits and liabilities of foundations and trusts through the insights of lawyers, gallery dealers, and foundation directors.
Readers will explore well-known estates, including those of Roy Lichtenstein, Mark Rothko, Adolph Gottlieb, Milton Avery, Romare Bearden, and David Smith, as well as the equally intriguing legacies of lesser-known artists whose work came to the fore in the forties and fifties.
Together, the passionate testimonies of families and lovers, the measured voices of art professionals, and the more than eighty photographs offer an indispensable entrée into the private and public worlds of art.
Customer Reviews:
Artists treat your work thoughtfully - it will outlive you - make a plan for it........2007-07-17
I am an arts lawyer, and art lover.
The US copyright law protects an original work of an author for the artists lifetime plus 70 years. The law anticipates the value of those copyrights and how those will exceed the lifetime of the artist for years to come. Even without consideration the copyright the body of work of an artist is only valuable to the public only if that work is valued and is appreciated. This book is filled with many stories of how an artist's work was cared for after the artist's death by individuals, family or friends, foundations or museums, which made sure that the work was treated with respect after the life of the artist was over.
If you are an artist wondering what will happen to the body of work you leave behind this book will inspire you to take steps to make that happen. If you are a museum, gallery, advocate, family member, collector or fan and you are concerned about managing the body of work of an artist this book will give you some stories about how others have handled it and what steps you might take. It might encourage you to come forward and take responsibility for the artist and while you can do it with the advice and consent of the artist.
An "art history" course of the late 20th century.......2007-01-04
This book provides a fascinating look at both some of the better known and some of the more obscure deceased artists of the second half of the 20th century and the efforts of heirs and dealers to maintain interest in the artists' work. It is fascinating and informative to read about the mismanagement of David Smith's estate by Clement Greenberg or of David Park's estate by his widow's second husband. (In both cases, the children finally stepped in to rescue depleted bodies of work and help rebuild their value.) Equally interesting are the efforts of Elmer Bischoff's and James Brooks' widows to continue to promote their late husbands' work while also trying to selling their own.
Many of the artists profiled are far more obscure, but their names come up over and over again in Stevens and Swan's wonderful de Kooning biography which provides an incredible overview of the same period. While top dealers fight over the estates of Smith, Diebenkorn, Porter or Avery, all discussed in the book, there is also an emerging group of dealers who are focusing on working with the estates of lesser known artists. They work with heirs, attorneys and archivists on the issues of conservation, documentation and promotion that are involved in boosting the value of artists who in many instances received limited recognition in their lifetimes but whose heirs (widows in most instances) continue to honor and promote their work, sometimes from financial need but always due to love of their deceased spouse. These stories are the core of this well written book.
Attorneys, dealers, conservators and archivists (such as the important Archives of American Art) are interviewed along with the heirs. This new breed of dealer effectively becomes a partner with the estate, sometimes building a position in the more obscure artist's works before making the investment, usually along with the heirs, necessary to promote their work.
In addition to several such dealers mentioned in the book, Thomas McCormick and David Findlay Jr. come to mind as galleries which have made a commitment to show lesser known artists of the '40s, '50s and '60s, for example, including some of those mentioned in the book.
Anyone interested in the art world will find this book highly interesting with its dozens of interviews and many black and white photos of the artists, their work and their heirs today. And, frankly, the gossip is great too!
Keeping the Faith!.......2005-11-28
`The good that artists do lives after them ...'
Rewriting the Bard of Avon has become a fashionable pastime, although that is not my intention here. With the benefit of hindsight, it is possible to examine the legacies of most artists and reveal more of their character and commitment. Once the carefully selected brushes remain in their appointed place, the crushed and distorted tubes of paint lie undisturbed and a colourful palette has dried out for the last time, it is for the inheritors to consider the question - `What happens next?'
The paradox of a painter's life is that the legitimacy of the work can only live on if it is guided and sustained by others. This superb book, elegantly written and beautifully crafted, is a tribute to the diligence of the authors who, with courage and foresight, have succeeded in addressing the relevant question. They have done this with discipline and sensitivity. And together they have produced a most remarkable book, worthy of the task they set themselves, and now most commendably published by the Rutgers University Press.
In her personal introduction to the book, Magda Salvesen reveals something of her own journey alongside the American Abstract Expressionist Jon Schueler. Sharing in his joys and his frustrations on both sides of the Atlantic, she came to know at first hand what the spiritual struggle of the artist is all about. The book builds on that perception and carries the theme forward in a well-structured dialogue with the others - the widows, partners and friends, the foundations and trustees - who continue to hold the reputation of an artist in their care.
Confronted by a blank canvas, the artist has to continually restore and refine a belief system that somehow leads to the act of creating an image in colour and form. Hopefully, with the necessary critical acclaim, this may endure across the generations. In that sense, all paintings convey a message to future viewers of the work. The work can only come alive and continue to live in the presence and imagination of others. And it has to be focused memorably on discovery of the new or on acceptance and confirmation of the past. For the artist at least, time's arrow can move in either direction.
A visit to any of the great collections - to the Uffizi or the Louvre, to the Metropolitan or MoMA, to National Galleries or the Tate, is a chastening reminder of the complex iconography that is the history of art. And yet the survival and sustainability of the work of each and every artist requires immense care and devotion and the dedication of a myriad of diverse individual skills. The estate of any artist deserves to be managed creatively and the many different approaches to this task are admirably described in this very far-sighted book.
Definitely a `must have, must read' book for all art lovers!
Excellent glimpse inside the post-humous struggles over artists' legacies.......2005-09-20
Despite being an outsider to the art world (and what you would call a total amateur!), I found this book completely engrossing: the widows and children interviewed in this book all have very interesting and varying ways of dealing with the enormous responsibilities associated with managing an artist's estate - their voices come to life in this book. It's fascinating also to read about the interaction between the various players in the art world and their different agendas - galleries, widows, families, museums etc all have views on what is in the best interest of the artist and their careful dance is rendered most interestingly here. Very good read.
Average customer rating:
|
Estates & Trusts: Cases and Materials (University Casebook)
Joel C. Dobris ,
Stewart E. Sterk , and
Melanie B. Leslie
Manufacturer: Foundation Press
ProductGroup: Book
Binding: Hardcover
General
| Administrative Law
| Law
| Subjects
| Books
Estates & Trusts
| Taxation
| Law
| Subjects
| Books
General
| Law
| Subjects
| Books
Property
| Business
| Law
| Subjects
| Books
General
| Administrative Law
| Law
| Professional & Technical
| Subjects
| Books
Estates & Trusts
| Taxation
| Law
| Professional & Technical
| Subjects
| Books
All Titles
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Professional
| Qualifying Textbooks - Fall 2007
| Stores
| Books
Similar Items:
-
Casenote Legal Briefs: Wills, Trusts, and Estates - Keyed to Dobris, Sterk & Leslie
-
Wills, Trusts, And Estates: Examples And Explanations (Examples & Explanations)
-
Emanuel Law Outlines: Wills, Trusts, and Estates, General Edition
-
Cases And Materials on Equitable Remedies, Restitution And Damages (American Casebook Series)
-
Cases on Corporations Including Partnerships and Limited Liability Companies (American Casebook Series) (American Casebook Series)
ASIN: 1587784246 |
Book Description
Revised to reflect the changes in the IRS death tax exclusion and the required accounting by executors now that previous required forms are not needed, this guide explains the specific role and duties of an executor for any appointed as such or for anyone who has written a will and has appointed an executor to carry out the specific desires and intentions that a lawyer may not be able to perform if beholden to the legal system. Duties such as taking inventory and appraising a decedent's gross estate and preparing a Form 1040 "final," Form 706 (death tax), and Form 1041 (estate income tax returns) are considerable undertakings that are explained in detail in this guide for the layperson.
Customer Reviews:
What a wonderful little book covering how an executor performs his or her duties in administering and settling a decedent's esta.......2006-12-26
If you are going to be an executor or someone who has just died has named you to be an executor, then this book is for you. It is not a treatise on the subject, but it summarizes the basics regarding the tasks and responsibility you will be charged with when being an executor. Such tasks and responsibilities include tax, accounting and ministerial functions.
This book is comprised of 12 chapters:
1. Ease into Your Role as Executor
2. Take Charge after Death Certificate is Issued
3. Get Your Letters Testamentary
4. Administer the Estate Independently
5. Inventory and Appraisement
6. Estate Tax Form 706
7. Calculating the Gross Estate
8. Taking All Tax Deductions Allowed
9. The Marital Tax Deduction
10. Recapitulation and Tax
11. Fiduciary Tax Form 1041
12. Settle the Estate; Closing Matters
I particularly liked the following excerpt taken from the book's introduction:
"Too often, the role importance of an executor is misunderstood. The will-appointed person rushes off to an attorney, and dumps everything in the attorney's lap. This is a shirking of duty. It is also a gross error in judgment and a costly mistake."
This book is written so the reader will not shirk her dirty or make a gross error in judgment or a costly mistake. It talks about reading a will, doing what one must do to be granted Letters Testamentary, gather together the estate's assets, fill out the proper tax returns, make distributions to creditors and beneficiaries, and close the estate. The theory of the various tax returns are discussed here like I have seen in no other book covering the subject. Splendid job.
I would have liked the book better if there was a terms index in the back of the book. And I think the book would have been better if there had been an introductory chapter that overviewed the whole book and its subject matter.
In Chapter 2 there was a reference made to visit your public library to examine a copy of your state's Probate Code. I'm not sure this is practical advise in all states.
I particularly liked the summaries at the beginning of each chapter. And I liked the page numbering so it was easy to flip from chapter to chapter, ie. 1-1, 2-1, 3-1, etc.
With this book you should be armed to visit your county law library and be able to get whatever other information you see necessary to handle your duty as executor. This book cannot cover everything - so don't expect it to do so. But it is a worthwhile book to read. 5 stars!
Book Description
Extensive discussion on the points of law, with practical suggestions for the drafting and execution of wills. Addresses matters relevant to the administration of a decedent's estate, descent and distribution, and estate administration. Also touches briefly on issues such as property, insurance, taxation, and conflict of laws in order to present a fair picture of the law of succession.
Book Description
You have been named the executor of a will by a friend or family member. Are you prepared to meet the challenge and do you know how to avoid personal liability? Thousands of individuals each year face the daunting and often painful task of settling the estate of a loved one, and even with professional guidance from attorneys, accountants, and financial advisors, they are often ill-equipped to deal with many of the tasks necessary to manage and settle an estate--and may put themselves at serious financial risk. The Executor's Guide is the definitive instruction manual for anyone administering an estate under a will. Featuring step-by-step instructions, worksheets, checklists, and timetables, The Executor's Guide takes the reader through the entire process-from the time of death to the final closing of the estate. The Executor's Guide explains the full range of roles and responsibilities of the executor, including reading the will, hiring and supervising the attorney, dealing with court proceedings, notifying those who are entitled to property, finding and valuing assets, settling with creditors, filing taxes, and distributing the assets. Unique and highly practical elements include a comprehensive Summary of Assets (from "Annuities" to "Videos"), a glossary of essential terms, and a series of key questions to ask your attorney. Written in highly accessible language by an expert in the field, The Executor's Guide is at once authoritative and user-friendly--an essential resource for any family.
Books:
- How to Win in Small Claims Court in Texas: With Forms (Legal Survival Guides)
- How to Write a Marketing Plan for Health Care Organizations
- Improving Comprehension Instruction: Rethinking Research, Theory, and Classroom Practice (Jossey Bass Education Series)
- International Business Law and Its Environment
- Josef Albers: To Open Eyes: The Bauhaus, Black Mountain College, and Yale
- Juvenile Delinquency: Theory, Practice, and Law (with CD-ROM and InfoTrac®)
- Juvenile Delinquency: Theory, Practice, and Law (with CD-ROM and InfoTrac®)
- Land Developer's Checklists and Forms
- Law, Business, and Society
- Law of Attraction: The Science of Attracting More of What You Want and Less of What You Don't
Books Index
Books Home
Recommended Books
- Dead Reckoning: The New Science of Catching Killers
- Wolf Hunting
- The Dictionary of Cell and Molecular Biology
- The Art of Rockefeller Center
- Trouble in Paradise
- Win Your Child Custody War: Child Custody Help Source Book--A How-To System for People Serious About
- What are Camouflage and Mimicry
- Images of Enlightenment: Tibetan Art in Practice
- The Majesty Of Charleston
- Selection Indices and Prediction of Genetic Merit in Animal Breeding
Executor's Guide: Settling a Loved One's Estate or Trust (2nd Edition)
The Executor's Handbook: A Step-By-Step Guide to Settling an Estate for Personal Representatives, Administrators, and Beneficiaries
How to Administer an Estate: A Step-By-Step Guide for Families and Friends (How to Administer an Estate)
Your Executor Duties: How to Inventory & Appraise a Decedent's Estate; Obtain Letters Testamentary; and Settle Claims, Debts, & Taxes (Series 300: Retirees & Estates)
Your Trustee Duties: How to Dissect a Trust Contract, Prepare Form 1041, Distribute Income and Principal to Beneficiaries, and Terminate the Trust (Series 300: Retirees & Estates)
