Product Description
Most people tend to react to the term “estate planning” in two ways: they become uncomfortable or they show no interest. Either response is a huge mistake. If you care about your family and everything you1ve been working to acquire and build, then you need this book. In just a dozen short chapters, Mark R. Alvig and Thomas M. Petracek, two certified financial planners who reside and work in Minnesota and specialize in estate planning, explain the essentials of estate planning in terms which are easy to understand. They take a difficult legal and financial area and make good sense out of it.This book, which has been frequently featured Sunday mornings on WCCO radio1s Your Money with Bruce Helmer, presents what you need to know about estate taxes, wills, trusts, retirement plans, Medicare, Medicaid, and other basics of estate planning. For people who own a business, they1ve included a chapter with strategies for taking care of that business when the owner is no long! er around to do so. And, because estate planning changed recently, with the Taxpayer Relief Act of 1997, the authors detail the effects of that significant legislation. For the family owned farm they examine the Special Land Use Valuation, Internal Revenue Code Section 2023A and its potential role when being used to reduce estate taxes.
before anyone considers this book they should do a websearch on “Thomas Petracek” and his partner “michael antonello” to monitor the court cases involving insurance fraud cases against the two. antonello’s license has been suspended and petracek has been accused of fraud.
Rating: 1 / 5
Complete waste of Money. Topics discussed are outdated and morally questionable. Would NOT recommend to any relatives or friends, let along perfect strangers.
Rating: 1 / 5
One of the easiest to read estate planning books that I have read. I recommend this book for anyone with a taxable estate that needs to understand the issues/concepts of estate planning.
Rating: 5 / 5
I was looking for financial planning advice that was not intimidating and easy for someone not in a “money & numbers” profession to understand. I found just what I needed in this book. The authors provided information in a common-sense, conversational manner. It was arranged so I could find exactly the topics that apply to me and my family. I found good advice, answers I was looking for and learned alot along the way. I was pleasantly surprised that a subject I had always veered away from could really be presented in such a “user-friendly” format.
Rating: 5 / 5
The authors attempt to portray financial strategies that many CPA’s and financial planners agree are questionable if not illegal.
Rating: 1 / 5