Abstract:
KEEPING YOUR ASSETS IN THE FAMILY provides the reader with a guide to current strategies used to prevent entities like the courts, the IRS, and nursing homes from depleting one’s life savings late in life. From estate planning to retirement distribution planning to elder planning, Mr. Davidoff provides the reader with straightforward, thought provoking, and at times, humorous analysis of wealth preservation strategies in plain English. Topics discussed include the advantages and disadvantages of lifetime gifts, living trusts, durable powers of attorney, medical health care proxies, the designation of your IRA beneficiary, and much more.