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    Estate and Trust Administration For Dummies (repost)

    Posted By: interes
    Estate and Trust Administration For Dummies (repost)

    Estate and Trust Administration For Dummies by Margaret Atkins Munro and Kathryn A. Murphy
    English | 2008-11-24 | ISBN: 0470286172 | PDF | 384 pages | 3 MB

    Easy-to-follow guidance on administering an estate or trust
    Administering an estate or a trust is a big responsibility. This practical, authoritative guide contains advice for handling estates and trusts large or small, offering solid advice on reading and interpreting documents, and helping anyone involved in an estate or trust avoid paying too much, or too little, tax and other administrative expenses. It also shows you how to take care of a loved one's estate in the event he or she never created a will or other estate planning documents.
    Understand and follow the rules — administer estates and trusts to ensure a smooth transfer of property and orderly management of fiduciary affairs
    Assemble a team — choose the legal and financial experts, and know when to use them
    Navigate the probate process — move efficiently through each step, whether your decedent had many assets or just a few
    Identify and liquidate estate assets — whether owned outright, jointly, or in a trust
    Settle debts and pay bequests — from paying funeral expenses and administration costs to segregating and distributing named property
    Operate a revocable or irrevocable trust — understand a trustee's duties, responsibilities, and limitations
    Make sound trust investment decisions — diversify holdings and meet beneficiary needs
    Comply with income and estate tax regulations — from the decedent's final Form 1040, through the estate's Form 706, and the estate and trust's Form 1041
    Open the book and find:
    An overview of executors' and trustees' duties
    Reviews of the probate process and estate taxes
    Tips on finding and managing professional help
    Advice on notifying insurers of a death
    Steps for closing an estate
    Rules for establishing and funding a trust
    Essentials on estate and trust record keeping
    Fundamentals of preparing federal estate tax and estate and trust income tax returns