Description
Gain a broad awareness of the foundational concepts of estate planning.
Objectives
- Recognize the advantages of the probate process.
- Recall the procedure that is used to dispose of a decedent's personal and property.Interests Identify a type of property interest that can only be held by spouses
- Recall that certain expenses and taxes are deducted in the estate tax calculation.
- Identify property that is included in the gross estate.
- Determine the correct tax treatment for income in respect of a decedent Identify the benefits of estate planning.
- Recognize when a personal financial client is intestate.
- Recall an estate planning recommendation that address incapacity
Highlights
- Fundamentals of estate planning
- Estate tax calculations
- Basic estate planning process
- Instructions for care in the event of incapacity
- Instructions for passing along the client's values (education, religious beliefs, work ethic, etc.) Nomination of a guardian for minor children
- Provisions for family members with special needs
- Provisions for the transfer of business interests in the event of death or incapacity