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AARP Crash Course in Estate Planning

  • February 27th, 2007

Michael T. Palermo, AARP Crash Course in Estate Planning (Sterling Publishing Co., Inc., New York, NY, 2004. 266 pages).

Price: $12.98 from Amazon. Click on book to order.

Under the assumption that estate planning clients get better results if they are well informed, the AARP Crash Course in Estate Planning is not designed to replace a consultation with an attorney. Rather, it is intended to provide individuals with a basic understanding of estate planning before they meet with an attorney.

Written by a practicing estate planning attorney and certified financial planner, Crash Course is divided into four parts. The first part explains the basics, discussing probate, wills, trusts, durable powers of attorney, choosing an executor, and taxes. Part two applies the basics to real life situations, such as planning for young children or children with disabilities, marital deductions, and charitable donations. For example, the book explains the basic trust provisions that can be included in a child's trust. Part three goes into the various ways to preserve an estate, including asset protection, irrevocable life insurance trusts, and limited partnerships. Finally, part four discusses estate planning with retirement assets.

Crash Course does a great job of providing an overview of the estate planning process, the important terms, and examples of what to do and not do. All this should pay off handsomely at "exam" time -- sitting down with an attorney to plan one's estate.

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Last Modified: 02/27/2007

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