Monday, December 23, 2019
New Book on Estate Planning
Looking for that perfect gift for the Boomer in your life? Check out this new book, just for Boomers. Harry Margolis has published Get your Ducks in a Row: The Baby Boomers Guide to Estate Planning. The book is available for purchase on Amazon.
The website provides this summary
If you’re over 55, you probably know you need an estate plan. What you might not know is how to create one. Questions about cost, confusion about options, and difficulty talking about subjects like disability and death can make the process of preparing for the future seem overwhelming. That’s probably why most people put it off—even though the results of doing nothing can sometimes be devastating.
What you need is a guide that explains the process clearly and comprehensively, in terms you can understand and actually use. Get Your Ducks in a Row: The Baby Boomers Guide to Estate Planning tells you everything you ever wanted (or perhaps never wanted) about estate planning.
Written by elder law and estate planning expert Attorney Harry S. Margolis, Get Your Ducks in a Row: The Baby Boomers Guide to Estate Planning takes you through the estate planning process step by step. Whether you’re currently creating a plan, getting ready to start, or looking for an explanation of documents you’ve already signed, this book will provide the information you need, including:
- Answers to the most common estate planning questions
- Common estate planning terms, demystified
- The Five (or Six or Seven) Essential Documents everyone over 55 needs (and how to fill them out)
- An overview of more complex estate planning scenarios
- Help deciding when it’s time to consult an attorney
- And more...
Featuring practical advice and easy-to-follow examples gleaned from the author’s 30-plus years of experience in elder law and estate planning, Get Your Ducks in a Row: The Baby Boomers Guide to Estate Planning will help you take control, make a plan, and ensure your family—and yourself—a secure and comfortable future.
The book is divided into 3 sections: (1) "The Five or Six or Seven Essential Documents, (2) Special Situations in Estate Planning and (3) Creating a Plan. Each section has a number of chapters addressing relevant topics. I particularly liked chapter 6, "'Bonus' essentials," which covers beneficiary designations, digital assets, bank and investment accounts, life insurance and more. The conclusion notes that all of us need to have an estate plan, but many folks don't--for various reasons---, and there are limits, and risks, to folks doing their planning without an attorney's guidance. Harry closes the book with this: "[f]inally, it's time for baby boomers to plan. It can make all the differ3ence for your family. don't wait. Enjoy the process."
PS, In the interest of full disclosure, I've known Harry for a long time. He's a prolific writer in the field of elder law.