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 Location:  Home » Administrator Guides » Personal Taxes » Executor's Guide: Settling a Loved One's Estate or TrustOctober 7, 2008  


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Executor's Guide: Settling a Loved One's Estate or Trust
Executor's Guide: Settling a Loved One's Estate or Trust
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Author: Mary Randolph
Publisher: NOLO
Category: Book

List Price: $39.99
Buy New: $21.75
You Save: $18.24 (46%)
Buy New/Used from $21.75

Avg. Customer Rating: 4.0 out of 5 stars(15 reviews)
Sales Rank: 11832

Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Edition: 3
Number Of Items: 1
Pages: 507
Shipping Weight (lbs): 1.8
Dimensions (in): 8.9 x 6.8 x 1.2

ISBN: 1413306551
Dewey Decimal Number: 346.73056
EAN: 9781413306552
ASIN: 1413306551

Publication Date: January 15, 2008
Availability: Usually ships in 1-2 business days

Editorial Reviews:

Product Description
Settling an estate can be like moving through a maze -- let The Executor's Guide lead the way.

If you're faced with wrapping up the affairs of a loved one who has died, you may feel overwhelmed by all the work ahead -- especially when you're grieving. But with the right legal and practical information, you can do it.

The Executor's Guide will show you how to get organized, get the help you need and make progress one step at a time. Let it help you navigate an unfamiliar land of legal procedures and terminology. It explains:

  • preparing for the job of executor or trustee
  • the first steps to take
  • claiming life insurance, Social Security and other benefits
  • making sense of a will
  • what to do if there is no will
  • how to determine whether probate is necessary
  • caring for children and their property
  • taxes
  • an overview of probate court proceedings
  • dealing with family members
  • handling trusts
  • looking up your state's laws
  • working with lawyers, appraisers, accountants and other experts

    The 3rd edition contains updated tables outlining key points of each state's laws, the latest information on estate taxes and worksheets that help you stay organized and on track.


  • Customer Reviews:   Read 10 more reviews...

    1 out of 5 stars executor   October 3, 2008
    PA state inhertince tax book tells you everything in this book for free and it is available for download from the state. I wish I had not bought the book.


    4 out of 5 stars Executor's Guide:Settling A Loved One's Estate   July 10, 2008
    This book was informative and served as a good guide for getting started on settling an estate. It also was easy to understand.


    4 out of 5 stars An estate administration and settlement book with lots of good content, but kind of sloppy when it comes to organization!   July 6, 2008
      2 out of 2 found this review helpful


    I think this book is wonderful. It is packed with content. And it's very informative. However, I wasn't particularly impressed with its organization. There are many books that could be written to help an executor do his or her job in adminstering and settling a decedent's estate, among them would be the following titles:

    EXECUTOR DUTIES
    1. An executor's guide about an executor's role, responsibilities, and fiduciary duty
    2. An executor's guide on what to do when the decedent dies
    3. An executor's guide to what constitutes the unauthorized practice of law
    4. An executor's guide to estate property
    5. An executor's guide to estate liabilities
    6. An executor's guide to professionals who help in the administration of an estate
    7. An executor's guide to services offered and performed by estate attorneys
    8. An executor's guide to settling a trust (if the executor is a trustee)

    THE LAW
    9. An executor's guide on how to read a will
    10. An executor's guide to the laws of intestacy
    11. An executor's guide to probate procedure
    12. An executor's guide to guardianship law
    13. An executor's guide to disclaimers for post-death estate planning
    14. An executor's guide to Louisiana custom, law, and procedure regarding an executor's duties

    TAXES
    15. An executor's guide to federal estate taxes
    16. Case studies: Completed Federal Estate Tax Forms
    17. An executor's guide to state inheritance taxes
    18. Case Studies: Completed State Inheritance Tax Forms
    19. An executor's guide to generation skipping taxes
    20. Case studies: Completed Generation Skipping Tax Forms
    21. An executor's guide to income taxes
    22. Case studies: Completed Income Tax Forms

    The instant book being reviewed was close to 500 pages long. Each one of the suggested books above could easily be 500+ pages long if written well and completely. In fact, #s 10 and 11 could be done for each state and probably be 500+ pages each. The point is, that for the instant book being reviewed to get a 5-star rating it has to be well organized so it can act as a springboard for the reader into other resources. In my humble opinion, this book does not force the reader to quickly and easily grasp the material presented. Accordingly, I have bumped down its star rating. But don't take my word for it. Judge for yourself. Does the book cover the 22 topics listed herein above in a clear and organized manner?

    This book totes itself as an "excutor's" guide. But I think it is better defined as an adminstration and settlement guide for executors AND TRUSTEES. Thus, I would change the title a bit to make it more representative of what the book covers.

    I think Part I (Getting Ready) along with chapters 3 (The First Week), 4 (The First Month), and 9 (Managing Money & Paying Bills) should be moved to the end of the book and renamed Appendix A. And I think the title of the new Appendix A should be "Roles, Responsibilities, & Fiduciary Duty." I would move chapters 6 and 7 to the end of the book and call them Appendix B. Reading a Will is something an executor must do, but it is ancillary to his or her roles, responsibilities, and fiduciary duty. And I think Part IV (Getting More Help) should be made Appendix C. The current Appendix A should be renamed Appendix D.

    I think the middle of the book should be reordered as follows:

    8. Taking inventory
    >>5. Life Ins, SS, & other benefits
    >>15. Retirement plans
    >>16. POD assets
    >>13. Survivorship property
    >>14. Community property
    12. Property that doesn't go through probate
    18. The regular probate process
    17. Special procedures for small estates
    11. Taxes

    I'm not sure where Chapter 10 belongs? It seems to be just thrown into the middle of the book. I think it should at least have been positioned somewhere close to Chapter 20 (Managing a Child's Trust). 4 stars!



    5 out of 5 stars Get this book before you must have it   April 29, 2008
    As with other Nolo books that I have read, The Executor's Guide is very well organized and well written in "plain English". The index is useful to use the book as a reference.

    The book is specific for what to do and the types of issues you'll face after someone close to you passes away. Not only is it a great handbook for the estate's executor, but this book will be very useful to spouses, children, heirs, and trustees.

    Since this book is focused on what to do to settle an estate, I'd also recommend that you get a different book on estate planning for preparing wills, trusts, etc. An excellent guide for this purpose is Nolo's Plan Your Estate: Everything You Need to Know to Protect Your Loved Ones, Property & Finances.



    5 out of 5 stars    December 9, 2007
    This helped me alot , even if you don't have to go to probate .

    Well worth the price IMO .



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