Estate Planning
A Practical Guide for Estate and Financial Service Professionals
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Description
Trusts and estates practice has become increasingly recognised as an occupation within the legal, accounting, tax and financial services professions. Estate planning remains the strategic advisory component within this practice. An essential resource for practitioners and students involved in trusts and estates practice, this easy-to-use, practical and comprehensive guide will enable you to understand and deliver effective estate planning services using the principles, precedents, practice points, case notes and discussion questions contained in this book.
AI Overview
The book "Estate Planning: A Practical Guide for Estate and Financial Service Professionals" by Michael John Perkins and Robert William Monahan is a comprehensive resource for professionals in the field of estate planning. Here is a detailed overview of the book:
Key Themes
- Comprehensive Introduction: The book provides a thorough introduction to the technical aspects of estate planning, covering various legal, financial, and tax considerations[3].
- Family Wealth Management: It emphasizes the importance of safeguarding family wealth across generations, addressing both financial and interpersonal aspects of estate planning[3].
- Taxation and Asset Protection: The authors focus on strategies to minimize taxation and protect family assets from rapid dissipation by the next generation[3].
- Interpersonal and Behavioral Aspects: The book highlights the role of estate planning in maintaining family relationships and ensuring that wealth is passed down sustainably[3].
Plot Summary
The book is structured to guide estate and financial service professionals through the complexities of estate planning. It covers topics such as:
- Estate Planning Process: A step-by-step guide to the process of estate planning, including the creation of wills, trusts, and other legal documents.
- Financial Planning: Strategies for managing and protecting financial assets.
- Taxation: Techniques to minimize tax liabilities.
- Asset Protection: Methods to safeguard assets from legal claims and other risks.
- Inter generational Wealth Transfer: Best practices for passing down wealth to the next generation.
Critical Reception
While specific reviews are not provided in the search results, the book's reputation can be inferred from its use as a resource in academic institutions and its publication by reputable legal and financial services providers like LexisNexis Butterworths[2][4]. The foreword to the third edition suggests that the book is well-regarded for its practical approach and comprehensive coverage of estate planning issues[3].
Edition and Publication Details
- Edition: Fourth edition
- Authors: Michael John Perkins and Robert William Monahan
- Publication Year: 2015
- ISBN: 9780409339499, 0409339490
- Language: English
- File Details: PDF, 5.26 MB[2]
In summary, "Estate Planning: A Practical Guide for Estate and Financial Service Professionals" by Michael John Perkins and Robert William Monahan is a seminal work in the field, offering a detailed and practical guide for professionals involved in estate planning. Its comprehensive coverage and practical approach make it a valuable resource for those seeking to manage and protect family wealth effectively.