Rent 9780827350533 | Administration of Wills, Trusts and Estates

Summary Table of Contents

If you are interested in wills, trusts, and estates, this easy-to read text provides content and context for a complicated subject area. [The wills of Theodore Roosevelt, John F. Kennedy, Jr., Princess Diana, and George Burns are provided here for your review.] This new edition is enhanced by celebrity features that help you relate to a real-life scenario and step out of legal theory. All legal terms are clearly defined when first presented in the text. State-by-state information is presented clearly with the use of maps, tables and case studies. Charts and boxed cases help to make complex topics easier to understand.

... MORE

Preface	p. xv
About the Author	p. xxi
Table of Legal Briefs	p. xxiii
Planning an Estate
Where There's a Will ...	p. 3
Where There's a Will ...	p. 5
There Is Motivation	p. 6
There Is Kindness	p. 7
There Is Decision Making	p. 7
There Is Retribution	p. 7
There Is Surprise	p. 8
There Is Appreciation	p. 8
The Privilege of Having a Will	p. 9
Risks in Writing One's Own Will	p. 10
Finding the Testator's Intent	p. 12
Where There's No Will ...	p. 13
There Can Be No Named Beneficiaries	p. 13
There Can Be No Named Guardian	p. 14
There Can Be No Named Personal Representative	p. 15
There Can Be No Testamentary Trust	p. 15
Estate Planning	p. 21
Purpose of Estate Planning	p. 23
The Planning Team	p. 23
Gathering Information	p. 26
Domicile	p. 26
Property	p. 27
Beneficiaries	p. 28
Objectives	p. 28
Record of Personal and Business Affairs	p. 28
Estate Planning Tools	p. 28
Wills	p. 29
Trusts	p. 29
Gifts	p. 33
Tax Consequences of Gifts	p. 34
Powers of Appointment	p. 35
Insurance	p. 36
Retirement Plans	p. 37
Family Limited Partnership	p. 40
Postmortem Planning	p. 41
A Bundle of Rights	p. 47
A Bundle of Rights	p. 49
Probate Property	p. 50
Real Property	p. 50
Personal Property	p. 51
Nonprobate Property	p. 54
Jointly Owned Property	p. 55
Pay-on-Death Accounts	p. 59
Uniform Nonprobate Transfer on Death Act	p. 59
Community Property	p. 60
Life Insurance and IRAs with Named Beneficiary	p. 61
Living Trusts	p. 61
Life Estates	p. 66
Intestate Succession	p. 71
Intestacy	p. 73
The Passing of Intestate Property	p. 73
Simultaneous Death	p. 75
Homicide by Heir or Devisee	p. 76
Rights of Surviving Spouse	p. 76
Rights of Other Heirs	p. 82
Consanguinity and Affinity	p. 82
Half Blood	p. 82
Degrees of Kindred	p. 84
Lineal Descendants	p. 87
Lineal Ascendants	p. 91
Siblings	p. 94
Next of Kin	p. 94
Escheat	p. 98
Wills
The Last Will and Testament	p. 105
Wills and Testaments	p. 106
State Statutory Formalities	p. 109
Age Requirements	p. 109
Testamentary Capacity	p. 109
Necessity of a Writing	p. 110
The Will's Execution	p. 111
Changing and Revoking Wills	p. 121
Changing a Will	p. 121
Revoking a Will	p. 124
Joint and Mutual Wills	p. 129
Agreements to Devise or Bequeath Property	p. 129
Grounds for Contesting a Will	p. 130
Structure of a Model Will	p. 137
Guidelines for Drafting a Will	p. 139
Introductory Paragraphs	p. 140
Exordium Clause	p. 140
Funeral Arrangements	p. 145
Instructions to Pay Debts	p. 150
Main Body	p. 150
Dispositive Provisions	p. 150
Residuary Clause	p. 153
Miscellaneous Clauses	p. 155
Fiduciary and Tax Provisions	p. 158
Appointment of Fiduciaries	p. 158
Powers of Fiduciaries	p. 161
No Surety on Bond	p. 161
Tax Provision	p. 162
Ending Paragraphs	p. 163
Testimonium Clause	p. 163
Attestation Clause	p. 163
Self-Proof Clause	p. 165
Letters of Instruction	p. 166
Family Protection, Lapses, and Ademption	p. 173
Protection of Family Members	p. 175
Family Allowance	p. 175
Homestead Protection	p. 177
Exempt Property	p. 180
Dower and Curtesy	p. 181
Spouse's Elective Share	p. 182
Pretermitted Children	p. 187
Lapsed Legacies and Devises	p. 190
Ademption	p. 191
Trusts
Trusts	p. 199
The Trust Arrangement	p. 201
Parties to a Trust	p. 201
The Settlor	p. 201
The Trustee	p. 201
The Beneficiary	p. 203
Creation of a Trust	p. 205
Conveyance in Trust	p. 205
Declaration of Trust	p. 205
Trust Formalities	p. 205
Express Trusts	p. 208
Testamentary Trusts	p. 209
Living Trusts	p. 214
Implied Trusts	p. 218
Resulting Trusts	p. 218
Constructive Trusts	p. 219
Specialized Trusts	p. 225
Totten Trust	p. 227
Special-Purpose Trusts	p. 228
Spendthrift Trusts	p. 228
Sprinkling Trusts	p. 229
Marital Deduction Trusts	p. 230
Distribution Outright	p. 230
Life Estate with Power of Appointment	p. 230
Credit-Shelter Trust	p. 231
QTIP Trust	p. 232
Charitable Trusts	p. 233
Cy Pres Doctrine	p. 233
Rule Against Perpetuities	p. 235
Charitable Remainder Trusts (CRATS and CRUTS)	p. 236
Life Insurance Trusts	p. 239
Estate Administration
Probate Courts and Uniform Laws	p. 251
Introduction	p. 253
Probate Jurisdiction	p. 253
Federal Courts	p. 253
State Courts	p. 253
Probate Records	p. 254
Uniform Laws	p. 255
Uniform Probate Code	p. 258
Uniform Simultaneous Death Act	p. 259
Uniform Transfers to Minors Act	p. 260
Uniform Anatomical Gifts Act	p. 266
The Personal Representative	p. 271
Appointment of Personal Representative	p. 273
Personal Representative's Bond	p. 273
Duties of Personal Representative	p. 280
Titles of Personal Representative	p. 283
Executor(-trix)	p. 283
Administrator(-trix)	p. 284
Administrator with the Will Annexed	p. 284
Successor Personal Representative	p. 286
Special Administrator	p. 287
Public Administrator	p. 287
Informal Administrator of Small Estates	p. 289
Executor de Son Tort	p. 292
Removal of Personal Representative	p. 293
Probating a Will and Administering an Estate	p. 301
The Need for Probate	p. 303
Protection of Decedent	p. 303
Protection of Heirs	p. 304
Establishing Title	p. 305
First Meeting with Client	p. 305
Confidentiality	p. 306
Formal Probate Proceedings	p. 307
Petition for Probate or Administration	p. 307
Notice to Interested Parties	p. 310
Proof of Will	p. 310
Allowance of Bond and Issuance of Letters	p. 313
The Inventory	p. 316
Payment of Debts, Taxes, and Expenses	p. 324
Distribution	p. 330
Final Account	p. 330
Informal Probate Proceedings	p. 333
Ancillary Administration	p. 333
Estate Taxes	p. 341
Fiduciary's Tax Obligations	p. 343
Notifying the Internal Revenue Service	p. 343
Obtaining Identification Number	p. 343
Decedent's Final Income Tax Return	p. 346
Income	p. 347
Exemptions and Deductions	p. 347
Fiduciary Income Tax Return	p. 348
Income	p. 348
Income in Respect of the Decedent	p. 350
Exemptions and Deductions	p. 350
Estate Tax Return	p. 352
The Gross Estate	p. 353
The Taxable Estate	p. 356
Estate Tax Computation	p. 358
Generation-Skipping Transfer Tax	p. 361
Final Choices	p. 367
The Right to Die	p. 369
Advance Directives	p. 370
The Living Will	p. 371
Health Care Proxy Laws	p. 371
Durable Power of Attorney	p. 381
Patient Self-Determination Act	p. 383
Patients Without Advance Directives	p. 384
Anatomical Gifts	p. 384
Donation by Will	p. 385
Donation by Signed Document	p. 387
Donation by Others	p. 391
The Decedent's Body	p. 391
Appendices
Record of Testator's Personal Information and Business Affairs	p. 401
Sample Last Wills and Testaments	p. 408
Theodore Roosevelt	p. 408
George Burns	p. 409
John F. Kennedy, Jr.	p. 412
Elvis A. Presley	p. 414
John Winston Ono Lennon	p. 418
Richard M. Nixon	p. 419
Doris Duke	p. 426
Jacqueline K. Onassis	p. 431
Uniform Simultaneous Death Act	p. 445
Uniform Transfers to Minors Act	p. 446
Uniform Probate Code (Abridged)	p. 452
Glossary	p. 545
Index	p. 559
Table of Contents provided by Syndetics. All Rights Reserved.

RENT TEXTBOOKS

Administration of Wills, Trusts and Estates

Why Rent from Knetbooks?

Top 5 reasons to order all your textbooks from Knetbooks:

Related Products