Managing Your Inheritance: Getting It, Keeping It, Growing It--Making the Most of Any Size Inheritance

Emily Card, Author, Adam L. Miller, With Three Rivers Press (CA) $15 (352p) ISBN 978-0-8129-2600-2
Card (The Ms. Money Book) is an investment adviser and an attorney specializing in business law; Miller is a CPA and a lawyer. In this comprehensive guide, they address the psychological, legal, taxation and investment consequences of receiving a life-altering inheritance-whether in the millions or a more modest sum. Inheritance assets, usually in the form of life insurance, real estate, living trusts, wholly owned stocks and bonds, cash in the bank or a share in a business, often present unexpectedly complex problems of probate processing, heir apportionment and liquidation, to name a few. The authors recommend professional help-lawyers (""either you are one or need one""), financial advisers, stockbrokers and others who can help heirs deal with such facts of life as a trust's ""corpus,"" ""regression to the mean,"" ""remaindermen"" and the Alternative Minimum Tax. This book is so full of useful information that you won't need an inheritance to profit from it. (Feb.)
Reviewed on: 12/30/1996
Release date: 01/01/1997
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