Estate and Trust Administration For Dummies
by Atkins Munro, Margaret; Murphy, Kathryn A.-
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Summary
Author Biography
Margaret Atkins Munro, EA, is a tax advisor, writer, and lecturer with more than 30 years' experience in trusts, estates, family tax, and small business. Kathryn A. Murphy, Esq., is an attorney with over 20 years' experience administering estates and trusts and preparing estate and gift tax returns.
Table of Contents
| Introduction | |
| Discovering the World of Estates and Trusts | |
| Functioning in a Fiduciary World | |
| Estates 101: Exploring the Ins and Outs of Estates | |
| The Lowdown on Trusts: Identifying the Different Types | |
| Assembling Your Team Members and Knowing When to Use Them | |
| Administering an Estate | |
| Taking the First Steps after Death | |
| Navigating the Probate Process | |
| Marshalling and Liquidating Assets | |
| Paying the Debts, Expenses, Bequests, and Devises from the Estate | |
| Closing the Estate | |
| Operating a Revocable or Irrevocable Trust | |
| Understanding the TrusteeÆs Duties | |
| Funding the Trust | |
| Investing the TrustÆs Assets and Paying Its Expenses | |
| Paying Trust Benefi ciaries | |
| Creating and Keeping Trust Records | |
| Terminating the Trust | |
| Paying the Taxes | |
| Preparing the Estate Tax Return, Part 1 | |
| Preparing the Estate Tax Return, Part 2 | |
| Filing Income Tax Returns for a Decedent, Estate, or Trust | |
| Reporting Tax Info on Schedule K-1 | |
| The Part of Tens | |
| Ten Pitfalls for the Unwary | |
| Ten Types of Taxes You May Have to Pay | |
| Glossary | |
| State-by-State Summary of Probate, Estate, or Inheritance Tax, and Rules of Intestacy | |
| Index | |
| Table of Contents provided by Publisher. All Rights Reserved. |
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