| Edition |
1st ed. |
| Description |
xiv, 129 pages : illustrations, samples ; 25 cm + 1 CD-ROM. |
| Series |
Self-Counsel series |
|
Self-Counsel series.
|
| Note |
Includes CD-ROM in pocket, page 3 of cover. |
| Bibliography |
Includes bibliographical references. |
| Contents |
1. Addressing Difficult Topics -- 1. Troublesome Topics That Need to Be Discussed -- 1.1. Mental incapacity -- 1.2. Money and insurance -- 1.3. Wills and dying -- 2. Are You the Right Person to Bring up the Troublesome Topics? -- 2. Why Don't People Plan, and What Can You Do about That? -- 1. Not Knowing Where to Start -- 2. Not Knowing What It Will Cost -- 3. Believing That Estate Planning Is Only for Rich People -- 4. Thinking They Do Not Need to Plan, Based on Anecdotes -- 5. Being Too Busy -- 6. Not Wanting to Give up Control -- 7. Not Knowing How to Hold a Family Meeting -- 8. There Is No Consensus on What to Do -- 9. Privacy Concerns -- 10. Superstition -- 3. What Are the Consequences of Not Planning? -- 1. Lawsuits -- 2. Damaged Family Relationships -- 3. Delays in the Administration of an Estate -- 4. Financial Loss, Fraud, or Financial Mismanagement -- 5. Family Business May Be Damaged or Destroyed -- 6. Paying Too Much Tax -- 7. Likelihood That More Intrusive Help Will Be Needed Later -- 8. More Emotional Upheaval -- 9. Fewer Options as Capacity Diminishes -- 10. Are Some Situations More Urgent Than Others? -- 4. Talking to Your Parents -- 1. Make the Subject Less Negative -- 2. Be Prepared for a Reaction -- 3. What Not to Say -- 4. Create a Safe Environment -- 5. More You Talk, the Easier It Gets -- 6. Agree to Try Things -- 7. How to Bring up Incapacity -- 5. What to Say or Do to Get Your Parents Motivated and Moving -- 1. Celebrity Estates -- 2. Messy Estate of Someone You Know -- 3. Life Event Triggers -- 3.1. Sudden illness -- 3.2. Going into long-term care -- 3.3. Funeral of a family member or friend -- 3.4. Getting married (again) later in life -- 3.5. Losing mental faculties -- 3.6. Friend moves in with his or her adult children -- 4. Do Your Own Planning -- 4.1. Blame it on your lawyer -- 5. Travel -- 6. Help with Research -- 7. Reassurance -- 6. Acting without a Parent's Agreement -- 1. In the Parent's Best Interest -- 2. What to Do to Reduce Stress -- 3. Legal Authority -- 7. Why Hold a Family Meeting? -- 1. Ensure That Your Parent's Wishes are Known, Understood, and Respected -- 2. Document the Wishes Properly and Legally -- 3. Ease Anxieties -- 4. Find Tax-Advantageous Solutions -- 5. Preserve and Pass on Family Business or Farm -- 6. Maintain Family Harmony -- 8. How to Say What Needs to Be Said in a Family Meeting -- 1. Prepare Ahead -- 1.1. Make an agenda -- 1.2. Decide who is to lead the meeting -- 1.3. Invite the right people -- 1.4. Make sure everyone is clear on the date, time, and place -- 1.5. Prepare the room -- 2. Don't Wait until a Problem Arises -- 3. Admit Your Own Concerns and Fears -- 4. Don't Bring up Past Conflicts and Sore Spots Needlessly -- 5. Be a Good Listener -- 6. Take Notes -- 7. Agree to Investigate the Options -- 9. What Should Be Covered in a Family Meeting: Discovering the Current Situation -- 1. Set the Ground Rules for the Meeting -- 2. Understand the Current Situation -- 3. Who Is Already Involved? -- 4. Current Health Concerns -- 10. What Should Be Covered in a Family Meeting: Planning for the Future -- 1. What Happens when One Parent Dies? -- 2. What Happens when Both Parents Have Died? -- 3. What Happens If One Parent Suffers Incapacity? -- 4. What Other Living Arrangements Might Have to Be Made? -- 5. How Will Long-Term Care Be Funded? -- 6. How Will Retirement Be Funded? -- 7. What Happens If a Child Predeceases a Parent? -- 8. Succession Planning for the Family Business or Farm -- 9. Family Trusts -- 10. Who Will Be the Executor and/or Attorney? -- 11. Which Advisors to Use -- 12. Tax Implications -- 13. Address the Problem Areas -- 14. How Will Reporting or Follow-up Be Done? -- 11. What Happens after the Meeting? -- 1. Review Meeting Notes -- 2. Review Tasks -- 3. Set up Appointments -- 4. Get Documents into Place -- 5. Do Necessary Research or Get Documentation -- 6. Put Some Solutions into Place -- 7. Have a Follow-up Meeting or Report to the Group -- 12. Possible Financial Solutions That Might Be Discussed at Your Family Meeting -- 1. Assets in Joint Names -- 2. Bare Trusts -- 3. Wills -- 4. Enduring Power of Attorney -- 5. Inter Vivos Trusts -- 6. Custodial Types of Accounts -- 7. Court-Appointed Trustee -- 8. Written Business Succession Plan -- 9. Selling the Business -- 10. Informal Trusteeship -- 11. Beneficiary Designation -- 13. Possible Nonfinancial Solutions That Might Be Discussed at Your Family Meeting -- 1. Health-Care Directive -- 2. Court-Appointed Guardian -- 3. Downsizing the Home -- 4. Move into Long-Term Care -- 5. Renovations to Your Parent's Home -- 6. Live-in Caregiver -- 7. Arrange for Paid Services -- 8. Move in with Children -- 9. Family Care Contract -- 10. Representation Agreement -- Conclusion Samples -- 1. Agenda -- 2. Taking Meeting Notes -- 3. Identify the Right Solutions for Your Family. |
| Subject |
Estate planning.
|
|
Communication in families.
|
|
Adult children of aging parents -- Family relationships.
|
|
Adult children of aging parents -- Family relationships.
(OCoLC)fst00797239
|
|
Communication in families. (OCoLC)fst01728100
|
|
Estate planning. (OCoLC)fst00915490
|
| ISBN |
9781770400368 |
|
1770400362 |
|
