{"product_id":"j-k-lassers-new-rules-for-estate-retirement-and-tax-planning-paperback-softback-9781394420933","title":"J.K. Lasser's New Rules for Estate, Retirement, and Tax Planning (Paperback \/ softback) 9781394420933","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eJ.K. Lasser's New Rules for Estate, Retirement, and Tax Planning\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eStewart H. Welch, III (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781394420933, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 27 January 2026\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e352 pages\u003cbr\u003e22.4 x 14.7 x 2.8 cm, 0.408 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eThe essential handbook to estate planning, fully updated for 2025 \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSince its first publication in 2002, \u003ci\u003eNew Rules for Estate, Retirement, and Tax Planning\u003c\/i\u003e\u003ci\u003e \u003c\/i\u003ehas sold more than 40,000 copies, providing a solid, accessible introduction to estate planning for any age or income bracket. Now in its seventh edition,\u003ci\u003e \u003c\/i\u003e\u003ci\u003eNew Rules for Estate, Retirement, and Tax Planning\u003c\/i\u003e continues this tradition, covering taxes, trusts, donations, life insurance, and wills in easy-to-understand language that offers valuable insights and solid strategies to help you preserve your wealth and plan your estate so that your assets go to the people and groups you’ve selected. This comprehensive guide answers questions like: How much do I need to retire comfortably? How do I protect my children's inheritance? How do I ensure planned donations are made after I'm gone? \u003c\/p\u003e \u003cp\u003eThe Seventh Edition is fully updated to reflect the One Big Beautiful Bill Act of 2025 (OBBBA), which contains the most comprehensive changes to the tax code since 2017. You'll learn how the new regulations impact your estate planning, retirement strategies, and tax obligations. Major updates, like the permanent $15 million estate tax exemption ($30 million for married couples), expanded deductions for tips, overtime pay, and Social Security, new charitable contribution rules, higher child tax credits, and beneficial changes to the SALT deduction cap are all covered. \u003c\/p\u003e \u003cp\u003eYou’ll also find advice on working with elderly parents and how to introduce financial planning concepts to children and teenagers, as well as an up-to-date list of professional advisers and a glossary of estate planning terms. \u003c\/p\u003e \u003cp\u003eWith this book you will: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand estate planning and obtain solid strategies for growing your wealth \u003c\/li\u003e \u003cli\u003eExplore asset protection and succession planning strategies to safeguard family businesses and farms \u003c\/li\u003e \u003cli\u003eDiscover how the One Big Beautiful Bill Act affects your estate, retirement, and tax planning \u003c\/li\u003e \u003cli\u003eStay informed of relevant law changes with an author-managed website at www.welchgroup.com \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eNew Rules for Estate, Retirement, and Tax Planning\u003c\/i\u003e contains a wealth of valuable information for any adult who needs help planning their financial future, from the established professional heading toward retirement, to the young adult looking to understand the basics. Wherever you are in your journey, this book will help you grow, maintain, protect, and guide your legacy. \u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eAcknowledgments xi\u003cbr\u003eIntroduction xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1. One Big Beautiful Bill Act of 2025 1\u003c\/b\u003e\u003cbr\u003eEstate Tax Changes 1\u003cbr\u003eIncome Tax Provisions 3\u003cbr\u003eChanges to the Standard Deduction 4\u003cbr\u003eMortgage Interest Deduction 4\u003cbr\u003ePrivate Mortgage Insurance (PMI) Premium Deduction Is Restored 4\u003cbr\u003eState and Local Taxes (SALT) 5\u003cbr\u003eChild and Dependent Care Tax Credit Increased 7\u003cbr\u003eChild Tax Credit Enhancements 8\u003cbr\u003eNo Tax on Overtime 11\u003cbr\u003eNo Tax on Social Security 12\u003cbr\u003eNew Deduction for Car Loan Interest 13\u003cbr\u003eNew Charitable Contribution Deduction for Non-Itemizers 14\u003cbr\u003eNew Charitable Contribution Limitation for Itemizers 15\u003cbr\u003eChanges to the Alternative Minimum Tax (AMT) 16\u003cbr\u003eClean Energy Tax Credit Phaseout 17\u003cbr\u003eWagering Losses Rule Modified 17\u003cbr\u003eEducator Expense Deduction Expanded 17\u003cbr\u003ePersonal Casualty Losses (Slightly) Expanded 17\u003cbr\u003eEducation Provisions 18\u003cbr\u003eTrump Savings Accounts 18\u003cbr\u003eSection 529 Plans 18\u003cbr\u003ePostsecondary and Career Training 19\u003cbr\u003eRollover to Roth IRA 19\u003cbr\u003eSignificant Changes for Student Loans 19\u003cbr\u003eBusiness Taxes and Expenses 20\u003cbr\u003eInvestments 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. Estate Planning 25\u003c\/b\u003e\u003cbr\u003eWhat Is Estate Planning? 25\u003cbr\u003eThe Benefits of Estate Planning 26\u003cbr\u003eThe Nightmares of Poor Planning 28\u003cbr\u003eThe Myths of Estate Planning 29\u003cbr\u003eGuidelines for Successful Estate Planning 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. The Estate Tax System 33\u003c\/b\u003e\u003cbr\u003eDetermining Your Estate Net Worth 33\u003cbr\u003eYour Estate Tax Picture 40\u003cbr\u003eYour Future Estate 43\u003cbr\u003eOverview of Estate-Planning Strategies 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. Investment Strategies for Maximizing Estate Growth 47\u003c\/b\u003e\u003cbr\u003eGrowth Strategy with a Safety Net 48\u003cbr\u003ePrioritizing Your Investment Dollars 53\u003cbr\u003eRetirement Planning: Choosing the Best Investment Environments 53\u003cbr\u003eRoth Conversions 56\u003cbr\u003eSome Final Thoughts on Investing 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. Retirement Planning: Living Your Dream 63\u003c\/b\u003e\u003cbr\u003eYour Retirement Requirements 64\u003cbr\u003eOther Considerations 67\u003cbr\u003eAccount for Other Sources of Retirement Income 68\u003cbr\u003eThree Quick Retirement Calculations 70\u003cbr\u003eBest Retirement Strategies 71\u003cbr\u003eReverse Mortgages 77\u003cbr\u003eSocial Security and Your Retirement 80\u003cbr\u003eClaiming Strategies to Consider 82\u003cbr\u003eCustomizing Your Health Care Plan for Retirement 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. You Don’t Have a Will? Big Trouble! 89\u003c\/b\u003e\u003cbr\u003eProperty Transfers at Death 90\u003cbr\u003eTransfers via Probate 91\u003cbr\u003eDirect Transfers by Title 94\u003cbr\u003eOther Methods of Property Ownership 99\u003cbr\u003eChoosing the Best Methods of Ownership 100\u003cbr\u003eSetting Estate-Planning Goals 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. Where There's a Will, There’s Your Way! 103\u003c\/b\u003e\u003cbr\u003eWhat Is a Will? 103\u003cbr\u003eTypes of Wills 103\u003cbr\u003eAdvantages and Disadvantages of Wills 105\u003cbr\u003eIntelligent Decisions Concerning Your Will’s Basic Provisions 107\u003cbr\u003eExecuting Your Will 119\u003cbr\u003eWhere to Store Your Will 120\u003cbr\u003eOther Important Documents 120\u003cbr\u003eWorking with Your Attorney 124\u003cbr\u003eWhen to Review Your Estate Plan 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8. Using Trusts in Your Estate Plan 133\u003c\/b\u003e\u003cbr\u003eThe Credit Shelter Trust Will 134\u003cbr\u003eDisclaimers 138\u003cbr\u003eMarital Trusts 140\u003cbr\u003eSpendthrift Trust 144\u003cbr\u003eStandby Trust 144\u003cbr\u003eOther Trusts 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9. Understanding the Living Trust 147\u003c\/b\u003e\u003cbr\u003eAdvantages of Living Trusts 147\u003cbr\u003eDisadvantages of Living Trusts 149\u003cbr\u003eHow a Living Trust Operates 150\u003cbr\u003eTransferring Property into Your Living Trust 153\u003cbr\u003eTypes of Property Likely to Be Transferred 156\u003cbr\u003eLiving Trust Myths 158\u003cbr\u003eTransacting Business with Your Trust 160\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10. Using Insurance in Your Estate Plan 161\u003c\/b\u003e\u003cbr\u003eLife Insurance 161\u003cbr\u003eUsing Life Insurance to Replace Income 164\u003cbr\u003eHow Much Life Insurance Do You Need? 165\u003cbr\u003eWhat Type of Life Insurance Is Best for You? 168\u003cbr\u003eInsurance on a Homemaker 169\u003cbr\u003eInsurance on Adult Children 169\u003cbr\u003eHow to Get the Best Deal on Term Life Insurance 169\u003cbr\u003eUsing Life Insurance to Leverage Your Estate 171\u003cbr\u003eThe Irrevocable Life Insurance Trust (ILIT) 172\u003cbr\u003eAbout Your Cash Values 175\u003cbr\u003eSummary 178\u003cbr\u003eTax Treatment of Long-Term Care Insurance 180\u003cbr\u003eCase Study: How a Couple in Their 50s Used a Hybrid LTC Policy to Protect Retirement Savings 181\u003cbr\u003eKey Takeaways: Long-Term Care Planning in 2026 and Beyond 181\u003cbr\u003eGood Sources for LTC Insurance (as of the publication date for this book) 183\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11. Smart Strategies for Gifting Assets to Family Members 185\u003c\/b\u003e\u003cbr\u003eThe Annual Gift Tax Exclusion 185\u003cbr\u003eUnintended Gifts 187\u003cbr\u003eFiling a Gift Tax Return 188\u003cbr\u003eThe Lifetime Applicable Exclusion Amount 189\u003cbr\u003eOutright Gifts 189\u003cbr\u003eWhen the Donee Is a Minor 191\u003cbr\u003eOther Tax-Free Gifts 201\u003cbr\u003eFamily Gifts Utilizing Trusts 202\u003cbr\u003eGrantor Retained Annuity Trust 202\u003cbr\u003eGrantor Retained Unitrust 204\u003cbr\u003eQualified Personal Residence Trust 204\u003cbr\u003eTaking Advantage of Generation-Skipping Transfers 208\u003cbr\u003eSales to Family Members 211\u003cbr\u003eLoans to Family Members 214\u003cbr\u003eSales to Intentionally Defective Grantor Trusts 214\u003cbr\u003eThe Legacy Trust 215\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12. Strategic Planning with Charities 225\u003c\/b\u003e\u003cbr\u003eOutright Gifts to Charities 226\u003cbr\u003eTestamentary Gifts to Charities 229\u003cbr\u003eGifts Using Charitable Trusts 229\u003cbr\u003eUsing Your Charitable Trust for Retirement Planning 232\u003cbr\u003eThe Private Foundation 236\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13. Family Limited Partnerships 239\u003c\/b\u003e\u003cbr\u003eGeneral Structure of the Family Limited Partnership 240\u003cbr\u003eFamily Limited Partnership Rules 245\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14. Succession Planning for the Family Business or Farm 253\u003c\/b\u003e\u003cbr\u003eSpecial Estate Tax Benefits for Farmers and Closely Held Business Owners (Ultra-Wealthy) 255\u003cbr\u003eValuing Your Business or Farm 257\u003cbr\u003eSuccession or Sale? 257\u003cbr\u003eSuccession Planning: Keeping the Family Business in the Family 258\u003cbr\u003eMaximizing Your Business’s Value through a Sale 259\u003cbr\u003eStructuring Your Buy-Sell Agreement 261\u003cbr\u003eTypes of Buy-Sell Agreements 261\u003cbr\u003eFunding the Buy-Sell Agreement 262\u003cbr\u003eOne Final Strategy—The Employee Stock Ownership Plan 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15. Asset Protection Strategies 267\u003c\/b\u003e\u003cbr\u003eThe Concept of Fraudulent Transfers 267\u003cbr\u003eAsset Protection for Married Couples 269\u003cbr\u003eA Word about Jointly Held Property 271\u003cbr\u003eRetirement Plans 272\u003cbr\u003eLife Insurance 273\u003cbr\u003eUsing Trusts to Protect Assets 274\u003cbr\u003eUsing Limited Liability Entities to Protect Assets 276\u003cbr\u003eUse of Multiple Limited Liability Entities 278Foreign Asset Protection Trusts (FAPT) 279\u003cbr\u003eDomestic Asset Protection Trusts (DAPT) 282\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16. Personal Business Planning Issues 285\u003c\/b\u003e\u003cbr\u003eChoosing the Right Entity for Your Business 285\u003cbr\u003eClosing Thoughts 297\u003cbr\u003eImportance of a Business Plan 299\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17. The Final Chapter…Or Is It? 301\u003c\/b\u003e\u003cbr\u003eFinancial planning in your 20s 302\u003cbr\u003eFinancial planning in your 30s 303\u003cbr\u003eFinancial planning in your 40s 304\u003cbr\u003eFinancial planning in your 50s 304\u003cbr\u003eFinancial planning in your 60s 305\u003cbr\u003eFinancial planning in your 70s and Beyond 306\u003c\/p\u003e \u003cp\u003eEpilogue—Dealing with Parents and Their Money 309\u003c\/p\u003e \u003cp\u003eAppendix A—Professional Advisers 311\u003cbr\u003eAppendix B—Estate Planning Terms 315\u003cbr\u003eAppendix C—IRS Life Expectancy Table 321\u003c\/p\u003e \u003cp\u003eAbout the Author 325\u003cbr\u003eIndex 327\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52433834017048,"sku":"9781394420933","price":16.69,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781394420933.jpg?v=1784854821","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/j-k-lassers-new-rules-for-estate-retirement-and-tax-planning-paperback-softback-9781394420933","provider":"Freshly Printed Books","version":"1.0","type":"link"}