Estate and Trust Administration For Dummies, 2nd Edition

  • Published By:
  • ISBN-10: 1118412265
  • ISBN-13: 9781118412268
  • DDC: 346.73056
  • Grade Level Range: 12th Grade +
  • 312 Pages | eBook
  • Original Copyright 2013 | Published/Released June 2014
  • This publication's content originally published in print form: 2013

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Settling an estate and administering a trust can be complicated, messy, and time-consuming for individuals named as executor or trustee, most of whom have no previous experience with such matters. Updated and revised, Estate & Trust Administration For Dummies, 2nd Edition, shows readers how to make sound decisions for their circumstances. Whether readers are looking for guidance on how to navigate the probate process and estate taxes, settle debts and bequests, fund a trust, comply with tax regulations, or anything in between, this title takes away the mystery and provides detailed answers to all of their questions.

Table of Contents

Front Cover.
Title Page.
Copyright Page.
About the Authors.
Authors' Acknowledgments.
Other Frontmatter.
Contents at a Glance.
Table of Contents.
1: Getting Started with Estate and Trust Administration.
2: Operating in a Fiduciary World.
3: Exploring the ins and outs of Estates.
4: Identifying Different Types of Trusts.
5: Assembling Your Team Members and Knowing When to Use Them.
6: Administering an Estate.
7: Taking the First Steps after Death.
8: Navigating the Probate Process.
9: Marshalling and Liquidating Assets.
10: Paying the Debts, Expenses, Bequests, and Devises from the Estate.
11: Closing the Estate.
12: Operating a Revocable or Irrevocable Trust.
13: Understanding the Trustee's Duties.
14: Funding the Trust.
15: Investing the Trust's Assets and Paying Its Expenses.
16: Paying Trust Beneficiaries.
17: Creating and Keeping Trust Records.
18: Terminating the Trust.
19: Paying the Taxes.
20: Preparing the Estate Tax Return, Part 1.
21: Preparing the Estate Tax Return, Part 2.
22: Filing Income Tax Returns for a Decedent, Estate, or Trust.
23: Weighing Income Tax Implications.
24: Reporting Tax Info on Schedule K-1.
25: The Part of Tens.
26: Ten Pitfalls for the Unwary.
27: Ten Types of Taxes You May Have to Pay.
Appendix A: Glossary.
Appendix B: State-by-State Rules of Intestacy and Estate or Inheritance Tax.