This quick read makes understanding the rules of estate planning easy!Estate Planning Basics  provides concise, straightforward and easy-to-read explanations of the major components of estate planning, so that you don't have to spend hours wading through endless options (most of which apply to the wealthy).Learn about:choosing beneficiariesestate planning by parents with minor childrenwillsliving trustsother probate-avoidance methods, including using a retirement plan like an IRA or 401(k) as an estate planning deviceestate taxes and tax-reduction methodstrusts for people in second marriages, or for those leaving property to a disabled personplanning for the handling of medical and financial decisions if one becomes incompetentAttorney Denis Clifford gives you the reliable, plain-English answers you need, whether you're doling out the family heirlooms or steering clear of estate taxes. The 4th edition is updated with the the latest estate planning laws and information of your state.