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Sirote Attorney J. Winston Busby Co-authors Sixth Edition of New Rules for Estate, Retirement, and Tax Planning

February 8, 2019

Sirote & Permutt is pleased to announce that J. Winston Busby, an attorney in the firm’s Private Clients, Trusts and Estates Group, has co-authored the sixth edition of J. K. Lasser’s New Rules for Estate, Retirement, and Tax Planning, to be released on February 12, 2019. Along with Stewart Welch III, a nationally recognized, financial advisor, Winston partnered with Wiley Publishers to produce an up-to-date edition with a focus on topics such as trusts and other estate planning documents, charitable donations, intra-family transfers, life insurance, and retirement planning in easy-to-understand language.

“It is meant to be an easy-to-read guide—to the extent that is possible—through the world of tax and estate planning,” Winston says. In his tax practice, “There is no cookie cutter approach to estate planning, and every individual and family is different. Taxes are often the focus of a lot of what we do, but I like to tell people, “First, tell me what you would do if taxes had no impact, and then let’s see look at the best approach to get there.” He hopes the book reflects this same objective. 

First published in 2002, the book has sold more than 40,000 copies. Sirote attorney Harold Apolinsky co-authored the first editions with Stewart Welch, and Sirote attorney Craig Stephens was a co-author on the third and fourth editions. Winston comments, “I was fortunate enough to be asked to serve as a co-author on the fifth edition, which was released about five years ago. After the changes to the tax law at the end of 2017, Stewart and I discussed that we should update the book to reflect the changes in the tax law.” 

The 2018 edition has been fully updated to inform readers about the impact of the new tax law on inheritance and trusts following the Tax Cuts and Jobs Act. The book offers valuable insights and solid strategies to help individuals preserve wealth, plan their estates, and minimize taxes. Readers from all income brackets can learn to maximize tax benefits and opportunities; accrue further wealth; gain direction for retirement planning and writing wills; establish educational funds and trusts; and make contributions to charitable organizations. Additionally, the book contains advice for working with elderly parents, guidance for introducing financial planning to children, and a glossary of estate planning terms, and other interactive references, should readers wish to seek further assistance.

Winston also co-authored the fifth edition of the book in 2014. Fellow author Stewart Welch has praised Winston for his intelligence and resourcefulness. Winston is a member of both the Private Clients, Trusts and Estates Practice Group and the Tax Practice Group and holds an LLM in Taxation from New York University School of Law. 

To learn more about the Sixth Edition, please visit the website of Wiley & Sons, Inc., here.

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