The Bus List

If something unexpected happened to you (like getting hit by a bus), where does that leave your loved ones? Would your assets transfer inexpensively and seamlessly to them? What about any organ/tissue donations, funeral costs, and medical directives?

You’ve got to take care of the “big stuff” now. Estate planning is best done when it is not urgent. If it’s urgent, you’ve waited too long.

Writing Your Own "Bus List"

I recently faced my own defining moment. After ruining my knees playing football years ago, I was long overdue for a double knee replacement. Prior to my surgery, I revisited my own estate plan and “Bus List.”

I've found most books on the subject are written by lawyers who sound like they’re writing for other lawyers. Still others are expensive, confusing, and outdated. It was then I decided to write my own book on estate planning, a subject I know well, in easy-to-understand language.

Take Care of the Bs

I wrote the outline for Part I of The Bus List (Writing Your Bus List) prior to my surgery date. I used it as an outline to assure I had my own estate plan in order. Part I is all about getting your own Bus List written. It’s for busy folks who want to get done what needs to get done so their family and most valuable assets are protected.

Part I has three easy-to-follow sections. Complete all three and you can rest assured you’ve got the big stuff covered:

Body - Detail any last requests, including arrangements.

Brains - Appoint individuals to represent you.

Bling - Assure your most valued assets pass seamlessly and inexpensively to your beneficiaries.

Many Ways to Bake a Cake

Whether you’ll be seeking professional help with your estate plan or you’re a do-it-yourselfer, it’s best to know your options going in. There are several reasons why estate planning can be so confusing:

1. There are multiple solutions available for accomplishing the same thing. If you want your daughter to inherit your house, for example, you can do that through a will, trust, vesting with survivorship rights, even a TOD for real estate in some states.

2. Every state has its own set of rules. The correct thing to do in one state might not cut it in another state. It has to do with your state of residence’s rules and whether you live in a community property or non-community property state.

More Estate Planning

I cover all of those topics and more in Part II of The Bus List, including federal estate tax, state estate and inheritance taxes, estate liquidity issues, even whether or not you should hire an attorney.

There is a reason I publish electronic and print-on-demand books. It’s the only way to deliver the latest information to you, which has been changing a lot lately. It’s my job to stay up on the latest changes, and I update all my financial planning-related books, including this one, whenever necessary.

The Kindle® version has a great table of contents and other internal and external links to answer your every question. The print version has updated urls and extensive state-specific information. Both versions are content-packed with an extensive Glossary to help you with those sometimes nasty legal terms.

The Bus List

Buy the Kindle version.

Buy the Paperback version.