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Wise Man or a Fool- Biblical Estate Planning Principles
Paperback
Investing & FinanceGeneral Law
Publisher: Massetti Pub
Published: Jul 7 2023
Pages: 234
Weight: 0.77
Height: 0.53 Width: 6.00 Depth: 9.00
Language: English
The author, a retired attorney who practiced law for nearly forty years, explains Probate and estate planning from a decidedly Biblical perspective. The Bible commands that we use our money, finances, and resources to give back to God and to bless others in doing so. The work encourages the reader to use his or her estate planning to further God's work in His kingdom on earth and for others.
The book covers many topics in estate planning- Wills, Medical Directives, Powers of Attorney, and guarding against the Will Contest. But, there is an emphasis on how to avoid Probate Court involvement in Estates, and an in depth discussion of how to use survivorship ownership, payable upon death ownership,
Living Trusts, and family LLCs to do so. The ramifications of federal and state taxation on Estates and decedents are also discussed- income tax, capital gains tax, federal and state Estate taxes, and the federal gift tax.
The author also relates his personal war stories which involve humorous and sometimes weird situations which he encountered in his law practice dealing with Probate and estate planning topics. The book concludes with planning examples for different kinds of personal needs- Living Trusts, LLCs, special needs Trusts, grandchildren's Trusts, Medicaid qualification Trusts, and more.
This is a must read for Christians as they devise their Estate plans, and for anyone else who wants to wisely plan their Estate.
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