Coverart for item
The Resource How to Live and Die with Texas Probate

How to Live and Die with Texas Probate

Label
How to Live and Die with Texas Probate
Title
How to Live and Die with Texas Probate
Creator
Subject
Language
eng
Cataloging source
MiAaPQ
http://library.link/vocab/creatorName
Saunders, Charles A
Dewey number
347.640652
LC call number
KFT1344.Z9 -- H68 1995eb
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/subjectName
Inheritance and transfer tax - Law and legislation - Texas
Label
How to Live and Die with Texas Probate
Instantiates
Publication
Copyright
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover -- Half title -- Title -- Copyright -- Contents -- Preface -- 1. What Is Community Property? -- Record Keeping and Tracing -- Revenues from Separate Property -- Partitioning the Community -- Management of the Community -- Summary -- 2. What Is My Probate Estate? -- The Word "Probate." -- What Is a "Personal Representative"? -- What Is the "Estate"? -- What Is Not Included in the Probate Estate? -- Insurance -- Annuities and Retirement Benefits -- Social Security and Government Pensions -- Bonds -- Property in Joint Tenancy with Right of Survivorship -- Exempt Property -- Trust Property -- Community Property -- Withdrawing the Estate from Court -- Summary -- 3. When Is My Estate Valued and Why? -- Valuation for Special Probate Purposes -- Inventory Valuation -- Valuation for Tax Purposes -- Value Six Months After Death -- Special-Use Valuations -- Other Valuations -- Summary -- 4. The Debts I Have Created-How Paid -- Provisions in the Will -- Funeral Expenses -- Estate and Inheritance Taxes -- Planning for the Payment of Debts and Taxes -- Summary -- 5. Federal Estate Tax -- Federal Transfer Tax -- What Is the Gross Estate? -- Tax Rates -- Deductions -- What Is the Net Taxable Estate? -- Minimizing the Tax -- Paying the Tax -- Summary -- 6. The Texas Inheritance Tax -- The Tax Prior to September 1, 1981 -- The Texas Inheritance Tax and Generation-Skipping Transfer Tax System After August 31, 1981 -- Filing the Inheritance Tax and Generation-Skipping Transfer Tax Returns -- The Effects of the 1981 Changes -- Summary -- 7. What Is the Marital Deduction? -- History of the Marital Deduction -- The Marital Deduction and Tax Planning -- Unified Credit Coordination -- Marital Deduction Trusts -- Factors Considered in Marital Deduction Planning -- Lifetime Gifts -- Summary -- 8. Should I Make Gifts to Charity? -- Gifts of Cash or Property
  • Fixed Amount or Percentage -- Trust Gifts -- Lifetime Gifts -- Income Tax Deduction for Gifts -- Gift of Life Insurance -- Charitable Foundations -- Summary -- 9. Should I Make a Will? -- Who Can Make a Will? -- Types of Wills -- Dying Without a Will -- Guardianship-Penalty of Dying Without a Will -- Dying Without a Will-Who Handles the Estate? -- Each Spouse Should Have a Will -- Dying With an Outdated Will -- Divorce-Its Effect on a Will -- Everyone Should Have an Up-to-Date Will -- Summary -- 10. What Should My Will Contain? -- Statement of Residence -- Appointment of an Executor -- Provision for Independent Administration -- Provision for Payment of Debts and Taxes -- Provisions for Disposing of the Property -- Provision for Alternate Disposition of the Property -- Provision for Common Accident or Successive Deaths -- Powers for the Executor -- Provision for Guardianship -- Contingent Management Provision -- Required Formalities -- "Self-Proved" Will -- Summary -- 11. Pitfalls in a Homemade Will -- Is It a Valid Will? -- The Holographic Will -- Was It Properly Executed? -- Where Is the Will -- Are the Witnesses Available? -- Does It Increase Administration Costs? -- Is It Clear? -- Everything to the Wife-What's Left to the Children -- Gift of Money -- Gift of Land -- "Money on Deposit in Bank." -- Gifts of Shares of Stock -- Gift of a Business Interest -- Is the Will Tailored to the Testator's Needs? -- Does It Unintentionally Disinherit Family Members and Others? -- Does It Make Administration More Difficult? -- Does It Make Other Significant Omissions? -- Summary -- 12. Choosing the Right Executor -- Who Should Be Your Executor? -- Your Executor Should Be Independent -- Your Executor Must Be Trustworthy -- A Family Member As Executor -- A Professional Executor -- Advisability of a Co-Executor -- Summary
  • 13. Importance of an Independent Administration -- Purpose of an Independent Administration -- How to Obtain an Independent Administration -- What Is an Independent Executor? -- Enforcement of an Independent Executor's Duties -- Advantages of an Independent Administration -- Summary -- 14. Will Substitutes-Jointly Owned Property -- Origin -- Texas Law -- Federal Law -- Summary -- 15. Will Substitutes-The Revocable Trust -- Terms of a Typical Revocable Trust -- Advantages of the Revocable Trust -- Management Uninterrupted by Incapacity -- Management for the Busy Executive or Professional -- Segregation of Assets -- Trial Run for the Trustee -- Privacy of Disposition of Assets at Death -- Reduction of Probate Expense -- Avoidance of Will Contest -- Uninterrupted Management at Death -- Avoidance of Probate in Other States -- Tax Treatment of the Revocable Trust -- Disadvantages of the Revocable Trust -- Loss of Probate Estate as Tax Entity -- Limitation on Amount of Discounted Treasury Bonds Accepted at Par for Estate Tax Payment -- Application of the "Unlimited Throwback Rule." -- Community Property and Revocable Trusts -- Summary -- 16. Will Substitutes-Life Insurance -- Exemption from Creditors -- Types of Life Insurance Policies -- Methods of Paying Proceeds -- Income Tax Benefit -- How Should a Beneficiary Take Proceeds? -- Who Should Decide How Proceeds Are to Be Paid? -- Life Insurance Trust -- Gifts of Policies -- Tax-Saving Life Insurance Gifts -- A Word of Caution -- Summary -- 17. Probate and Tax Savings Through Gifts -- Guardianship To Be Avoided -- Custodial Arrangements -- Gifts in Trust -- Gifts Save Taxes -- How Gift Tax Is Figured -- Primary Considerations in Making a Gift -- The Generation-Skipping Tax -- Other Kinds of Gifts -- Summary -- 18. The Irrevocable Trust -- Why Trusts? -- Tax Advantages of Trusts
  • Generation-Skipping Trusts -- Non-Tax Advantages of Trusts -- Summary -- 19. My Farm or Business -- Sale or Continued Operation -- The Federal Estate Tax and State Inheritance Taxes -- Liquidity -- Buy-Sell Agreements -- Community Property -- Preserving the Family Farm -- Summary -- 20. Time Schedule for Estate Administration -- The Texas Independent Executor -- Texas Independent Administration -- Dependent Administration -- Time Sequence of Administration -- Proving the Will -- Collecting and Valuing Property -- Paying Creditor Claims -- Accounting and Distribution -- Federal Gift, Estate, and Generation-Skipping Taxes -- Income Tax -- Comparison with a Living Trust -- Summary -- 21. What Will Probate Cost? -- Court Cost and Bond Premiums-The Well-Drawn Will -- Appraiser Fees -- Executor or Administrator Fees -- Attorney Fees Are Not Set by Law -- Percentage of the Estate -- Determining Reasonableness of Attorney Fees -- Trust Administration -- What Does a Will Cost? -- Summary -- Glossary -- About the Authors -- Index
Control code
UMKCLawddaEBC1058109
Dimensions
unknown
Extent
1 online resource (150 pages)
Form of item
online
Isbn
9781461732617
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
UMKC Law: DDA record.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC1058109
  • (Au-PeEL)EBL1058109
  • (CaPaEBR)ebr10605584
  • (CaONFJC)MIL393241
  • (OCoLC)812525732
Label
How to Live and Die with Texas Probate
Publication
Copyright
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover -- Half title -- Title -- Copyright -- Contents -- Preface -- 1. What Is Community Property? -- Record Keeping and Tracing -- Revenues from Separate Property -- Partitioning the Community -- Management of the Community -- Summary -- 2. What Is My Probate Estate? -- The Word "Probate." -- What Is a "Personal Representative"? -- What Is the "Estate"? -- What Is Not Included in the Probate Estate? -- Insurance -- Annuities and Retirement Benefits -- Social Security and Government Pensions -- Bonds -- Property in Joint Tenancy with Right of Survivorship -- Exempt Property -- Trust Property -- Community Property -- Withdrawing the Estate from Court -- Summary -- 3. When Is My Estate Valued and Why? -- Valuation for Special Probate Purposes -- Inventory Valuation -- Valuation for Tax Purposes -- Value Six Months After Death -- Special-Use Valuations -- Other Valuations -- Summary -- 4. The Debts I Have Created-How Paid -- Provisions in the Will -- Funeral Expenses -- Estate and Inheritance Taxes -- Planning for the Payment of Debts and Taxes -- Summary -- 5. Federal Estate Tax -- Federal Transfer Tax -- What Is the Gross Estate? -- Tax Rates -- Deductions -- What Is the Net Taxable Estate? -- Minimizing the Tax -- Paying the Tax -- Summary -- 6. The Texas Inheritance Tax -- The Tax Prior to September 1, 1981 -- The Texas Inheritance Tax and Generation-Skipping Transfer Tax System After August 31, 1981 -- Filing the Inheritance Tax and Generation-Skipping Transfer Tax Returns -- The Effects of the 1981 Changes -- Summary -- 7. What Is the Marital Deduction? -- History of the Marital Deduction -- The Marital Deduction and Tax Planning -- Unified Credit Coordination -- Marital Deduction Trusts -- Factors Considered in Marital Deduction Planning -- Lifetime Gifts -- Summary -- 8. Should I Make Gifts to Charity? -- Gifts of Cash or Property
  • Fixed Amount or Percentage -- Trust Gifts -- Lifetime Gifts -- Income Tax Deduction for Gifts -- Gift of Life Insurance -- Charitable Foundations -- Summary -- 9. Should I Make a Will? -- Who Can Make a Will? -- Types of Wills -- Dying Without a Will -- Guardianship-Penalty of Dying Without a Will -- Dying Without a Will-Who Handles the Estate? -- Each Spouse Should Have a Will -- Dying With an Outdated Will -- Divorce-Its Effect on a Will -- Everyone Should Have an Up-to-Date Will -- Summary -- 10. What Should My Will Contain? -- Statement of Residence -- Appointment of an Executor -- Provision for Independent Administration -- Provision for Payment of Debts and Taxes -- Provisions for Disposing of the Property -- Provision for Alternate Disposition of the Property -- Provision for Common Accident or Successive Deaths -- Powers for the Executor -- Provision for Guardianship -- Contingent Management Provision -- Required Formalities -- "Self-Proved" Will -- Summary -- 11. Pitfalls in a Homemade Will -- Is It a Valid Will? -- The Holographic Will -- Was It Properly Executed? -- Where Is the Will -- Are the Witnesses Available? -- Does It Increase Administration Costs? -- Is It Clear? -- Everything to the Wife-What's Left to the Children -- Gift of Money -- Gift of Land -- "Money on Deposit in Bank." -- Gifts of Shares of Stock -- Gift of a Business Interest -- Is the Will Tailored to the Testator's Needs? -- Does It Unintentionally Disinherit Family Members and Others? -- Does It Make Administration More Difficult? -- Does It Make Other Significant Omissions? -- Summary -- 12. Choosing the Right Executor -- Who Should Be Your Executor? -- Your Executor Should Be Independent -- Your Executor Must Be Trustworthy -- A Family Member As Executor -- A Professional Executor -- Advisability of a Co-Executor -- Summary
  • 13. Importance of an Independent Administration -- Purpose of an Independent Administration -- How to Obtain an Independent Administration -- What Is an Independent Executor? -- Enforcement of an Independent Executor's Duties -- Advantages of an Independent Administration -- Summary -- 14. Will Substitutes-Jointly Owned Property -- Origin -- Texas Law -- Federal Law -- Summary -- 15. Will Substitutes-The Revocable Trust -- Terms of a Typical Revocable Trust -- Advantages of the Revocable Trust -- Management Uninterrupted by Incapacity -- Management for the Busy Executive or Professional -- Segregation of Assets -- Trial Run for the Trustee -- Privacy of Disposition of Assets at Death -- Reduction of Probate Expense -- Avoidance of Will Contest -- Uninterrupted Management at Death -- Avoidance of Probate in Other States -- Tax Treatment of the Revocable Trust -- Disadvantages of the Revocable Trust -- Loss of Probate Estate as Tax Entity -- Limitation on Amount of Discounted Treasury Bonds Accepted at Par for Estate Tax Payment -- Application of the "Unlimited Throwback Rule." -- Community Property and Revocable Trusts -- Summary -- 16. Will Substitutes-Life Insurance -- Exemption from Creditors -- Types of Life Insurance Policies -- Methods of Paying Proceeds -- Income Tax Benefit -- How Should a Beneficiary Take Proceeds? -- Who Should Decide How Proceeds Are to Be Paid? -- Life Insurance Trust -- Gifts of Policies -- Tax-Saving Life Insurance Gifts -- A Word of Caution -- Summary -- 17. Probate and Tax Savings Through Gifts -- Guardianship To Be Avoided -- Custodial Arrangements -- Gifts in Trust -- Gifts Save Taxes -- How Gift Tax Is Figured -- Primary Considerations in Making a Gift -- The Generation-Skipping Tax -- Other Kinds of Gifts -- Summary -- 18. The Irrevocable Trust -- Why Trusts? -- Tax Advantages of Trusts
  • Generation-Skipping Trusts -- Non-Tax Advantages of Trusts -- Summary -- 19. My Farm or Business -- Sale or Continued Operation -- The Federal Estate Tax and State Inheritance Taxes -- Liquidity -- Buy-Sell Agreements -- Community Property -- Preserving the Family Farm -- Summary -- 20. Time Schedule for Estate Administration -- The Texas Independent Executor -- Texas Independent Administration -- Dependent Administration -- Time Sequence of Administration -- Proving the Will -- Collecting and Valuing Property -- Paying Creditor Claims -- Accounting and Distribution -- Federal Gift, Estate, and Generation-Skipping Taxes -- Income Tax -- Comparison with a Living Trust -- Summary -- 21. What Will Probate Cost? -- Court Cost and Bond Premiums-The Well-Drawn Will -- Appraiser Fees -- Executor or Administrator Fees -- Attorney Fees Are Not Set by Law -- Percentage of the Estate -- Determining Reasonableness of Attorney Fees -- Trust Administration -- What Does a Will Cost? -- Summary -- Glossary -- About the Authors -- Index
Control code
UMKCLawddaEBC1058109
Dimensions
unknown
Extent
1 online resource (150 pages)
Form of item
online
Isbn
9781461732617
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
UMKC Law: DDA record.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC1058109
  • (Au-PeEL)EBL1058109
  • (CaPaEBR)ebr10605584
  • (CaONFJC)MIL393241
  • (OCoLC)812525732

Library Locations

    • Leon E. Bloch Law LibraryBorrow it
      500 E. 52nd Street, Kansas City, MO, 64110, US
      39.032488 -94.581967
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