Encuentra tu próximo/a libro favorito/a
Leaving Life: A Simple Guide to Planning Your Estate and Not Leaving a Mess
Por Neil Seidel
Descripción
Sobre el autor
Autores relacionados
Relacionado con Leaving Life
Getting Up When Life Knocks You Down: Five Steps to Overcoming a Life Crisis de Jerry White Calificación: 0 de 5 estrellas
Categorías relacionadas
Vista previa del libro
Leaving Life - Neil Seidel
Copyright © 2017 by Neil Douglas Seidel
All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means, electronic, mechanical, photocopying, recording or otherwise, without the express written consent of the publisher, except in the case of brief excerpts in critical reviews or articles.
Printed in the United States of America
First Printing, 2017
Print ISBN: 978-1-48359-451-4
eBook ISBN: 978-1-48359-452-1
Independent Creative Sources
1093 La Jolla Road
Palm Springs, CA 92264
www.LeavingLife.org
Large quantities of this book are available at a discount. Contact: Neil Douglas Seidel at guitarflight@aol.com
Front cover photo courtesy of www.afloral.com
Back Cover photo –Patricia Seidel
I would like to thank my wife Patricia Seidel for encouraging and supporting me in all my creative endeavors. Patricia always helps to refine and improve any project to which she directs her creative energies.
Thanks also to Jeanie Cunningham for her efforts in helping me to organize my ideas in a systematic and readable format, and her unfailing good humor which helped making a serious project fun and enjoyable.
Special thanks to estate planning attorneys J. Mark McNeill, Stewart Levin and attorney Mark Gershenson for their advice and contributions.
Thank you to Dayna Steele, motivational speaker and author of Surviving Alzheimer’s…with Face book, Friends and a Really Big Glass of Wine
for her encouragement on this project.
Also thanks to www.afloral.com for the use of their floral image.
Disclaimer: The author wishes to state that nothing in this book is offered as legal advice and that each reader is encouraged to consider seeking independent counsel with regard to all matters discussed within these chapters. This book is merely intended to suggest that the reader prepare for the end of life responsibilities. The author also wishes to state that he holds no credentials in the field of estate planning. The impetus for writing this book came from personal experiences and observations. It is the fervent hope of the author that the information contained will be helpful in this endeavor.
Because of the dynamic nature of the Internet, any Web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this book are solely those of the author and do not necessarily reflect the views of the publisher.
Dedicated to my children and grandchildren with the hope that our careful estate preparations will leave them free to enjoy the fruits of our life’s labor.
Everyone will agree that someday the body must grow old, weaken, and drop away, but not many will face the fact that it will happen to them. If we really believe we will die, we will do something about it.
—Eknath Easwaran’s Words to Live By
Table of Contents
Introduction
Leaving Your Legacy
Preparing to Exit
Helpful Tools
Case Study/Cautionary Tale 1: My Parents’ Estates
Technical Challenges
Wills and Living Trusts: The Will to Succeed
Trust Thyself: Should You Choose a Will or a Living Trust?
What Is a Living Trust?
Revocable and Irrevocable Trusts
Executor Duties and Other Information Responsibilities of the Executor
Does the Executor Get Paid?
Finding an Estate Planning Attorney
Case Study/Cautionary Tale 2: A True Story
Advanced Medical Directives
Durable Power of Attorney
Case Study/Cautionary Tale 3: An Estate Attorney’s Tale-Do It Yourself Disaster
FINAL ARRANGEMENTS:
Contact Information
Special Circumstances and Considerations
TREASURE MAP: A Guide to Helping Your Heirs Find Your Good Stuff
Case Study/Cautionary Tale 4 The Coffee Can Caper (A Canadian Treasure Tale)
Creating Your Asset Inventory Sheet
Case Study/Cautionary Tale 5: Thoroughness
Cover Your Assets: Wealth Management and Planning For Old Age
Finding a Financial Advisor Or Financial Planner
How Financial Planners Are Paid: Commission Only, Fee- Based, and Fee -Only
Financial Planning on Your Own
Good Policy: Some Thoughts about Insurance
PRESENTING YOUR LEGACY: YOU OUGHT TO BE IN PICTURES
Genealogy
Dealing with Stuff: Give Peace a Chance
Case Study/Cautionary Tale 5: The Prema shirt story
Let’s Cull
eBay and Estate Sale Instructions
Estate and Garage Sales: Junk or gems?
Take the Money and Run
Consignments
Donations
Trash
Professional Junkman/Scrapper
There’s a Hole in My Bucket: Create and Live Your Bucket List
In God We Trust…or Not
Relationships
Meditation
Conclusion
The Ten Commandments of Leaving Life
RECOMMENDED WEBSITES
Glossary
BIBLIOGRAPHY
The Leaving Life Checklist
USEFUL FORMS
Asset Inventory List
Legacy Work Sheet
SAMPLE ADVANCED CARE DIRECTIVE-CALIFORNIA
SAMPLE ADVANCED HEALTH CARE DIRECTIVE-CALIFORNIA
SAMPLE GENERAL DURABLE POWER OF ATTORNEY – CALIFORNIA ONLY
The fundamental ideal that I am promoting in Leaving Life is that it is our duty to ourselves and to our families to prepare, provide, and organize as much as possible during our life in order to avoid the chaos and confusion that can result from an unprepared or inadequate estate plan.
Yes, the contemplation of our own demise is not a pleasant subject. I have found that the desire to avoid confronting this inevitable occurrence prevents many people from preparing their estates properly, or sometimes not at all. Such failure creates undue complications and hardships for their survivors. I have written this book to illustrate the bad things that can happen when a person does not properly prepare for his or her departure from this world. Leaving Life is a response to this avoidance syndrome that I have identified in many of my friends and acquaintances and by personal experience with my family.
In 2016, the media announced with great fanfare the demise of the musical artist Prince. It was noted in a press release about Prince’s death that his estate was in excess of $300 million. There appeared to be no will or estate plan in place with which to dispose of his considerable