Explains how to save on taxes, setting up trusts and avoid probate, gifting and support issues when parents divorce, and choosing certain types of investments
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Overseeing your money for future generations is a critical step in managing the financial future for your children and heirs. "Even though you will be reading about law and money, this book is really about love and trust," writes Adriane G. Berg, financial expert and attorney, in this basic, essential guide on how to make the most of your gift-giving to minors, including small and large gifts, college savings, trusts, bequests, and investments. Here, in one clear, easy-to-read volume, all the bases are covered, including how to make the tax laws work for you, how to set up trusts and avoid probate, the benefits of a family limited partnership, how to decide between college-friendly investments and lump-sum planning, what type of insurance can help you build an inheritance, how to make your child a successful beneficiary, the best way to give small gifts now, the financial rewards of grandparenthood, gifting and support issues when parents divorce, and samples of the various legal forms involved, such as a power of attorney and trust agreements.
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