Making a will is something that, because of the reason why we need to do it, is something that is easily put off - yet can lead to huge problems with probate if you don't write one in time.
Writing a last will and testament (to use the proper phrase for it) isn't as complicated as it used to be, and there are now many places online why you can write a legal DIY one!
Title : How to Settle an Estate: A Manual for Executors and Trustees (How to Settle an Estate) Author : Charles K. Plotnick Rating : 4 Stars out of 5. Summary : I'm buying it for my clients!
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!)
Title : Write Your Own Will (Paperfronts S.) Author : Keith Best Rating : 3 Stars out of 5. Summary : Write your own will
Easy to understand and numerous specimen wills. However, the fact that the edition is dated 1990 calls into question the currency of the information given. There have been numerous similar books written since 1990, obviously with reference to more up to date legislation. Also there was a dearth of information in how to avoid inheritance tax (IHT); given the escalation in house values in recent years, far more people stand to be caught out by IHT. Any book about writing wills worth its salt must deal in some depth with IHT issues. John E Bailey Wakefield 11.2.04
Title : Understanding Living Trusts: How You Can Avoid Probate, Save Taxes and Enjoy Peace of Mind Author : Vickie Schumacher Rating : 5 Stars out of 5. Summary : It keeps gettin' better all the time...
I've recently had the privilage to read this fifth installment about estate planning from Jim and Vickie Schumacher, and I can honestly say it's the best they've turned out yet. Ever since their first edition (originally titled A Will is not the Way), these two have been giving us clear and concise information about the estate planning world in everyday, conversational English. This tradition is continued in their newest edition. What makes the fifth edition a must have, however, is all the new information they've included. Five months ago, President Clinton signed the Taxpayers Relief Act of 1997, seriously changing the "rules" on estate and capital gains taxes. Not only have the Schumacher's already incorporated this new information into their book and translated it from Washington's "legelese" into English I can understand, they've even told me how these changes pratically apply to my estate planning situation. This alone would make the book worth buying, but when you couple it with the state-specific estate planning information they've included (as a direct response from reader's requests), you've got a real steal.
Title : Wills and Probate ("Which?" Consumer Guides) Author : Consumers' Association Rating : 3 Stars out of 5. Summary : A very good user guide, but needs updating
I bought this book for guidance on IHT and Probate. The approach adopted is very good and it takes you through an imaginary scenario from death to completion of all procedures. However, I found that the Probate rules have changed as charges are significantly lower. But it is really where the book deals with filling in IHT forms that you notice that the rules have changed significantly.
If you want a good guide to help you through the IHT maze on your own, avoiding the need for a Solicitor, then this will help. But a new edition is urgently required.
Title : Cases and Materials on Equity and Trusts Author : Paul Todd Rating : 5 Stars out of 5. Summary : An excellent book
This is an excellent book. I would advise that it should be used in conjunction with a "heavier-weight" textbook, such as Hanbury Martin; but as a cases and materials book, it is well worth investigating.
Title : Last Will Testament Kit Author : Rating : 2 Stars out of 5. Summary : Far too basic
I was very hopeful when I ordered this pack, but very dissapointed when it arrived. The pack comes with a CD which I was expecting to be loaded with files and information, but it only has a total of 272KB of files on the CD !!! There are three basic will-types included for each of England/Wales and Scotland. Far too basic, and I don't have a complex requirement.
Title : Principles of Equity and the Law of Trusts (Principles of Law S.) Author : Alastair Hudson Rating : 4 Stars out of 5. Summary : Comedy Genius
Briefly: Hudson's summaries at the beginning and end of each chapter are concise and comprehendable - a good starting point for seminar preparation or revision. His comedy comments (on various topics such as Sunderland Football club and Eddie Izzard) will also help to keep your spirits up. Hudson makes a tough subject slightly less daunting...
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