Publisher's Synopsis
IRS Form 706 is a 44-page document to be completed by an executor after a taxpayer's death. This book demonstrates how to prepare for this in advance, thus easing the transfer of assets to loved ones, and how to use that information to simplify one's affairs while still alive. With the help of this material, readers will learn about the tax guidelines for nine asset categories -- such as real estate, life insurance, stocks, bonds, etc. -- that make up one's 'gross estate'. They will also find out how to prepare their executor, co-ordinate with a spouse, organise records, clarify co-ownership agreements, compile portfolio assets, evaluate collectibles, and arrange real estate transfers with family members.
