
How to Settle a Simple Estate Without a Lawyer
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Content
- Intro
- Dedication and Acknowledgments
- Table of Contents
- Introduction
- How this Book Can Help You
- Chapter 1: Can You Handle an Estate without a Lawyer?
- What is a Simple Estate?
- Is a Lawyer Required?
- Common mistakes of lay people in representing estates
- Chapter 2: The Personal Representative
- Understanding the "Legalese"
- Who Can Be the Personal Representative of an Estate?
- How is a Person Selected?
- When You Are Asked to Serve
- Debts
- Chapter 3: Probate Procedure
- Start at the Beginning
- Filing with the court
- Steps for Filing a Formal Probate
- Sample Probate Exercise
- Chapter 4: Wills
- Wills Defined
- Will Basics
- Concerning Beneficiaries
- Dying Intestate
- The Living Will or Advance Health Care Directive
- Chapter 5: Estate Management Obligations
- Taking Inventory
- Estate Income
- Chapter 6: Debts of the Estate and Estate Expenses
- Issuing Notice to Creditors
- Time Limitations for Filing Creditor Claims
- Resolving Creditor Claims
- If the Estate Lacks Sufficient Funds
- Chapter 7: Trusts
- Definition of a Trust
- Considerations
- Types of Trusts
- Chapter 8: Surviving Spouse, Minor Children, and Other Beneficiaries of the Estate
- Rights of Surviving Spouse and Minor Children
- Guardianship
- Chapter 9: Taxes
- Income Tax
- Estate Tax
- Inheritance Tax
- Gift Tax
- Chapter 10: Settling and Closing the Estate
- Managing the Estate Assets
- Wasting assets
- Distribution of Estate Assets to Beneficiaries
- Recordkeeping
- Closure of the Estate
- Conclusion
- Appendix A: State Facts and Figures
- States with Inheritance Tax
- State Estate Tax Exemption Thresholds
- Appendix B: Sample Wills
- Sample Simple Will
- Sample Simple Will II
- Sample Ethical Will
- Appendix C: Personal Representative Resources
- Time Sheet and Expenses
- Sample Letter to Creditor
- Sample Letter to Financial Institution Requesting Information
- Informational Videos
- Website Resources
- Glossary of Terms
- Bibliography
- Author Biography
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