Estate Planning Success® for New York Residents: Detailed Contents
  • Part I: Estate Planning Fundamentals
    • Chapter 1: The Estate Planning Process
      • Introduction
      • An Estate Plan Is a Responsibility and an Opportunity
      • Your Estate Planning Team
      • What an Experienced Estate Planning Team Brings to the Table
      • Finding an Estate Planning Attorney
      • The First Meeting With Your Attorney
      • What Are Reasonable Fees for an Estate Planning Attorney?
      • An Overview of the Estate Planning Process
      • Summary
    • Chapter 2: Estate Planning Fundamentals in New York
      • Introduction
      • What Is Estate Planning?
      • The Estate Planning Revolution
      • What Happens to Your Assets Depends on “How” You Own Them
      • Why Comprehensive Estate Planning Is Important
      • Postmortem Estate Planning
      • Summary
  • Part II: Who Will Manage Your Affairs if You Become Incapacitated?
    • Chapter 3: Planning for Incapacity
      • Introduction
      • Who Will Manage Your Assets if You Become Incapacitated?
      • Who Will Make Your Healthcare Decisions if You Become Incapacitated?
      • Who Will Pay for Your Care if You Cannot Take Care of Yourself?
      • Medical Planning for Nursing Home Costs
      • Long-Term Care Insurance
      • Trusts for Family Members With Disabilities
      • Summary
  • Part III: Who Will Receive Assets Upon Your Death?
    • Chapter 4: Using Wills and Trusts to Plan Your Estate
      • Introduction
      • The Will
      • What Makes It Legal?
      • Independent Documents That Are Important to Your Estate Plan
      • Powers of Appointment
      • The Eight Primary Estate Planning Challenges Solved by Wills
      • The Disadvantages of Wills
      • Trusts
      • Summary
    • Chapter 5: Living Trusts in New York
      • Introduction
      • What Is a Revocable Living Trust?
      • The Eight Primary Estate Planning Challenges Solved by Living Trusts
      • The Parties to a Revocable Living Trust
      • How to Choose a Trustee
      • The Registration Process (Funding Your Living Trust)
      • How to Reregister Assets Into the Name of Your Living
      • The Operation of the Revocable Living Trust
      • Revoking Your Living Trust
      • Tax Treatment of Revocable Living Trusts
      • Disadvantages of Living Trusts
      • Types of Living Trusts and Related Estate Planning Documents
      • Documents That Should Accompany Living Trusts
      • Summary
    • Chapter 6: Estate Planning for Retirement Plans and IRAs
      • Introduction
      • Review Your Qualified Retirement Plan
      • Taxes Affecting Qualified Retirement Plans and IRAs
      • Estate Planning for Retirement Plan Distributions During Lifetime
      • Estate Planning for Retirement Plan Distributions After Death
      • Estate Planning Considerations When Naming Retirement Plan Beneficiaries
      • Summary
  • Part IV: How Much Will Your Family Need to Pay in Taxes in the Event of Your Death?
    • Chapter 7: Understanding New York's Death Taxes
      • Introduction
      • Overview of the Tax
      • New York Imposes a "Pick-Up" Tax
      • New York's GST
      • Returns and Payment of Tax
      • Limitations on Entry Into Decedent's Safe Deposit Box
      • Summary
    • Chapter 8: The Federal Estate and Gift Taxes Explained
      • Introduction
      • Overview of the Federal Estate Tax
      • Who Must Pay the Tax?
      • What Are the Tax Rates?
      • Assets Included in Your Gross Estate at Death
      • Valuing the Gross Estate
      • Estate Tax Deductions and Credits
      • Liquidity Planning
      • Overview of the Gift Tax
      • Who Must Pay the Tax?
      • How the Gift Tax Interacts With the Estate Tax
      • Payment of the Gift Tax
      • Income Tax Problems Related to the Gift Tax
      • The Generation-Skipping Transfer Tax
      • Summary
    • Chapter 9: How To Reduce the Federal Estate Tax
      • Introduction
      • Strategy Number One: Maximize the Unlimited Marital Deduction
      • Strategy Number Two: A Credit Shelter Trust Saves the Lifetime Exclusion Amount of the First Spouse to Die
      • Strategy Number Three: Make Lifetime Gifts to Family Members
      • Strategy Number Four: Discounting the Remaining Asset Value in Your Estate
      • Strategy Number Five: Prepay the Estate Tax With Discounted Life Insurance Dollars
      • Summary
  • Part V: What Will You Leave Behind of Lasting Significance?
    • Chapter 10: Charitable Estate Planning
      • Introduction
      • What Is Charitable Estate Planning?
      • What Is a Charitable Gift?
      • Popular Giving Tools
      • Gifts That Give Back
      • Charitable Remainder Trust
      • Charitable Lead Trusts
      • Pooled Income Funds
      • Remainder Interest in Home or Farm
      • Conservation Easements
      • Foundations
      • Charitable Estate Planning With IRAs and Qualified Retirement Plans
      • Summary
  • ABOUT THE AUTHORS
  • APPENDICES
    • APPENDIX I: The Confidential Estate Planning Questionnaire
    • APPENDIX II: New York Powers of Attorney
    • APPENDIX III: Healthcare Proxy
    • APPENDIX IV: Credit Shelter Trust Illustrations
    • APPENDEX V: Sample Crummy Letter
    • APPENDIX VI: The Professional Designations of Estate Planning Advisors
    • GLOSSARY
    • INDEX



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