Wills, Probate and Inheritance Tax For Dummies 2nd edition

Planning how to pass your estate on doesn't have to mean complications, legal jargon and huge bills. Wills, Probate and Inheritance Tax For Dummies, 2nd Edition takes you through the process step-by-step and gives you all the information you need to ensure that your affairs are left in good order. It shows you how to plan and write your will, minimise the stress of probate, and ensure that your nearest and dearest are protected from a large inheritance tax bill.Discover how to: Decide if a will is right for you Value your assets Leave your home through a will Appoint executors and trustees Choose beneficiaries Draw up a DIY will Work out how inheritance tax works and if you're liable to it Find out what can and can't be taxed

Introduction About This Book Conventions Used in This Book What You're Not to Read Foolish Assumptions How This Book Is Organised Part I: Planning Your Will Part II: Writing Your Will Part III: Managing Probate Part IV: Taxing Times: Inheritance Planning Part V: The Part of Tens Icons Used In This Book Where to Go From Here Part I: Planning Your Will Chapter 1: Preparing for the Inevitable Chapter 2: Recognising the Benefits of Making a Will Chapter 3: Totting Up the Value of Your Estate Chapter 4: Deciding Who Gets What Chapter 5: Leaving Your Home in Your Will Part II: Writing Your Will Chapter 6: Choosing the Right People to Follow Your Wishes Chapter 7: Getting It in Writing: Drawing Up Your Will Chapter 8: Fine-Tuning Your Will Chapter 9: Ringing the Changes: When and How to Change a Will Chapter 10: Making Clear Your Funeral Wishes Part III: Managing Probate Chapter 11: What to Do When Someone Dies Chapter 12: Pro-what? The Basics of the Probate Process Chapter 13: Dealing with the Estate: First Steps Chapter 14: Distributing the Estate Part IV: Taxing Times: Inheritance Planning Chapter 15: Introducing Inheritance Tax Chapter 16: Simple Steps to Reduce Inheritance Tax Chapter 17: Rolling Out the Big Guns: Understanding Trusts Chapter 18: Using Trusts to Help Your Family Chapter 19: Taking Care of Business: Inheritance Tax and Your Firm Part V: The Part of Tens Chapter 20: Ten Items to Keep with Your Will Chapter 21: Ten Problem Wills to Avoid Chapter 22: Ten Tips for Getting Your Estate into Tax-Saving Shape Appendix Index