Jane B. Lucal, a probate judge in Erie County, Ohio, describes how to implement early estate planning in order to make the best financial choices for yourself and your family. She begins by discussing the need for estate planning based on identifying your goals and your net worth. She suggests ways to preserve your estate while taking state laws into consideration. Lucal discusses the probate process and helps you prepare for it. One by one, she explains various estate planning tools, such as annuities, charitable donations, gifts, insurance, retirement plans, stocks, bonds, mutual funds, wills, property deeds, trusts and disability planning. getAbstract.com appreciated her wrap-up of seven key steps for setting up your own estate plan. The bigger your assets, the more you need this book. (Note: the legal nature of this information means the book is probably useful only for those living in the United States.)
In this summary, you will learn
- How to plan your estate under current U.S. law;
- How the probate process operates and how best to prepare for it, and
- How a variety of estate structures and investment tools can protect your assets after your death.
About the Author
Jane B. Lucal has been a probate judge of the Common Pleas Court, Probate Division, for Erie County, Ohio for the past 10 years. She has presided over hundreds of cases. Before working as a judge, she was in private practice and served as Assistant Prosecuting Attorney. Her writing has appeared in many professional publications, including The National Law Journal. She currently teaches, writes and lectures about various aspects of estate planning.